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Ponzi scheme included Greenville land

Mar 01, 2012 12:03 am
Andrea Macko in The Greenville Mountain View Pioneer reports that 175 investors lost $14 million in a Staten Island-based ponzi scheme that dangled turning Greenville land into a golf course as one of its incentives. "Golden Greens," a 132-acre golf course on Old Plank Road was even considered at a Greenville Planning Board meeting once, according to the story, and was said to include a 150-seat restaurant, 300-seat banquet hall, and 150 condominium units. On Fri., Feb. 9, Joseph Mazella III was found guilty on charges of securities fraud, wire fraud, and money laundering, and the land in Greenville remains untouched.
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