Press Releases

December 10th, 2009: MATHON PRINCIPALS INDICTED IN $160 MILLION PONZI SCHEME

PHOENIX - A 40-count indictment, returned by a federal grand jury, was unsealed today charging five defendants in a $160 million Ponzi scheme. The indictment charges Duane Hamblin Slade, 38, of Austin, Texas; Guy Andrew Williams, 38, of Mesa, Ariz.; Brent F. Williams, 62, of Mesa; and Douglas Edward Towler, 46, of Scottsdale, Ariz. with conspiracy to commit mail and wire fraud, mail fraud, wire fraud, and transactional money laundering. The indictment also charges Russell Laurence Sewell, 43, of Mesa, with conspiracy to commit mail and wire fraud.

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