Litigation
Nov. 12, 2007
Trio Faces Charges in Financial Abuse of Elderly
Riverside County prosecutors say 1,600 people, including Paul Hering, entrusted Heath & Associates with their savings and lost $117 million in one of the largest Ponzi schemes to target the elderly in the state's history.
By Jason W. Armstrong
Daily Journal Staff Writer
CORONA - It was over lunch a decade ago that 78-year-old Paul Hering said he got a pitch to invest his life savings in a series of business ventures.
Hering said representatives of D.W. Heath & Associates told him he'd get an 8 percent to 10 percent return on his money, which would go to fund projects including upscale resorts i...
Daily Journal Staff Writer
CORONA - It was over lunch a decade ago that 78-year-old Paul Hering said he got a pitch to invest his life savings in a series of business ventures.
Hering said representatives of D.W. Heath & Associates told him he'd get an 8 percent to 10 percent return on his money, which would go to fund projects including upscale resorts i...
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