U.S. v. Pigida et al

Volodimyr Pigida and Marina Bondartenko are charged with operating a Ponzi scheme through their business Trend Sound Promoter.  Through the scheme, defendants are alleged to have caused more than $11 million is losses.   They are further alleged to have fraudulently used proceeds from their scheme for their own benefit, to include the purchase of houses and vehicles.  Finally, the charges allege that the defendants committed fraud by hiding assets and transactions in connection with Trend Sound Promoter’s bankruptcy proceeding.