A creative schemer tries a novel approach:
Grigg made phony claims that investors' money was being put into "TARP-guaranteed debt" with a 12.5% return.
"There is no such thing as TARP-guaranteed debt," a Treasury Department spokeswoman said Tuesday.
Grigg also had a life-coaching company:
The SEC sued Grigg in late January, claiming that his financial advisory and "life coaching" company, ProTrust Management Inc., defrauded at least 27 clients out of millions of dollars."
More from the LA Times Story.
And an article about the Guy who squashed him.
He faces up to 8 years in Jail.