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LI woman indicted in $4.7M Ponzi scheme

An Oceanside businesswoman has been indicted by a federal grand jury on fraud charges for allegedly operating a Ponzi scheme that bilked victims out of $4.7 million.

Laurie Schneider, who operated several companies, including Janitorial Close-Out, told investors she could buy industrial machinery in China at low prices and then sell the items at steep markups in the United States, according...

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