March 6, 2003
Federal Jury Indicts Ariz. Charity Head
A federal grand jury in Phoenix has indicted the former head of a defunct Arizona charity on 193 counts of wire fraud and money laundering, alleging that he operated a Ponzi scheme that stole millions of dollars from elderly investors who thought they were putting their money into charitable gift annuities.
Robert R. Dillie stole at least $19-million of the $52.9-million he raised, the grand jury charges. He ran a charity called the Mid-America Foundation, in Scottsdale, Ariz., which
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