More than 150 duped in SoCal Ponzi scheme

EL SEGUNDO, Calif. The Securities and Exchange Commission says Clelia Flores' investment firm duped more than 150 people into investing in what they thought were risk-free, high-yield programs.

She reportedly only used some of the $23 million raised to invest in high-risk ventures that never paid any returns.

She also allegedly used some of the cash for personal expenses including buying a house. .


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