NOW LIVE: Eyewitness News

Ira Pressman

(Ira Pressman.  Photo provided by Montgomery County DA's office)

Bala Cynwyd Ponzi Schemer Sentenced To Eight Years

A 64-year-old Bala Cynwyd man has been sentenced to eight years in prison for a Ponzi scheme that cost just over 20 victims over $7 million.

02/11/2012

Victims Want Convicted Ponzi Schemer Put Away For A Long Time

Victims have told the court Ira Pressman is the Michael Jordan of schemers and he deserves a sentence long sentence.

02/08/2012

Ira Pressman who lives in Bala Cynwyd, Lower Merion Township, is accused of swindling eight friends and associates in what prosecutors call a "classic Ponzi scheme."

Main Line Businessman Arrested In $5 Million Ponzi Scheme

Only CBS 3 cameras were there as a Main Line businessman was taken away to prison in handcuffs charged with defrauding investors out of more than $5 million dollars.

03/10/2011

(Ira Pressman.  Photo provided by Montgomery County DA's office)

Montco Businessman Charged In ‘Wholesale’ Ripoff Of Investors

Prosecutors say Ira Pressman owned a company that lured investors into deals involving closeout, overstock, and liquidation merchandise — some of which didn’t exist.

03/10/2011

Follow

Get every new post delivered to your Inbox.

Join 33,318 other followers