Manahawkin Woman Used George Soros' Name in Bergen Ponzi Scheme, Prosecutor Says

Woman claimed she once worked for acclaimed financier George Soros, prosecutors say.

A Manahawkin woman bilked investors out of about $450,000 over six years by claiming their money was going to a hedge fund handled by New York City finance magnate George Soros, the Bergen County Prosecutor said Monday.

Dunya Predovan, 57, was arrested Thursday on charges of theft by deception and issuing bad checks after investigators with the Prosecutor’s Office and Alpine police uncovered her Ponzi scheme, Prosecutor John L. Molinelli said in a statement.

Predovan told victims she worked for Soros in the 1980’s and promised a large return on the investments, Molinelli said.

Soros, however, had never heard of Predovan and she had not worked for the famed financier, according to the prosecutor.

“To date, none of the victims have received any of their money,” Molinelli’s statement said.

Predovan was ordered held on $100,000 bail, with no 10 percent option.

nomoneynoticket May 16, 2012 at 05:54 PM
The biggest ponzi scheme in the world is the government taking from the needy to pay for the wealthy. Where are you robin hood?
Big Ben May 16, 2012 at 06:52 PM
No - taking from the productive to give to the non-productive.
robert formichelli May 23, 2012 at 03:37 PM
How come there not mentioning the klines, of smith kline who she really devastated by robing them after working for 14 yrs.
robert formichelli May 23, 2012 at 03:38 PM
my girlfriend who is a cousin was ripped off too.
robert formichelli May 23, 2012 at 03:39 PM
ponzi is not all she has done.


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