Following a 2011 CFTC civil suit, three Omaha men have been indicted for operating a Ponzi scheme. Jonathan Arrington, 44; Michael Kratville, 52; and Michael Welke, 38, are alleged to have defrauded 130 investors out of $4.7 million. Each of the accused face fourteen counts of conspiracy and fraud after managing what they claimed to… Continue Reading
Tag Archives: Omaha
Accused Commodities Scammers Were Just Looking Out for Little Guy
Posted in Ponzi ProfilesThe promoter and trader of an unregistered commodities pool in Nebraska has been ordered by a federal judge to hand over $387,000 in funds. Michael Welke of Omaha must comply with the injunction after the CFTC implicated him in an alleged Ponzi scheme that defrauded 130 investors out of $4.7 million. Along with Welke, his… Continue Reading