Avocado Ponzi scheme defrauds victims of close to $200k, California woman charged

Source: SFGate

“A Hemet woman allegedly defrauded at least seven people of nearly $200,000 through what the Riverside County Sheriff’s Office described as a ‘wholesale avocado business’ scam. Deputies from the Perris Sheriff’s Station were called in on April 23 for a fraud investigation, according to a news release. After speaking with a fraud victim, deputies found that seven people had been affected by the scheme. Between 2023 and 2025, the victims had been duped in a Ponzi scheme, investing thousands of dollars into the ‘business.’ Instead of investing the funds, which collectively amounted to an estimated $195,000, the suspect allegedly used the money for ‘personal benefit.'” (08/26/25)

https://www.sfgate.com/bayarea/article/california-woman-alleged-avocado-ponzi-scheme-21014714.php