Gregg T. Rennie
On June 15, 2010, 44-year-old Gregg T. Rennie, a Quincy, Massachusetts financial advisor who hosted the "Your Money" radio talk show, was sentenced by U.S. District Judge Edward F. Harrington to seven years imprisonment, to be followed by three years of supervised release and order to pay $3,786,685.42 in restitution in federal court for stealing over $3 million from clients, listeners to his radio program and friends.
Photo Unavailable
For years, Gregg T. Rennie made a name for himself by hosting "Your Money," an AM radio show where he offered financial advice. Off the air, however, it appears that the only interest Rennie ever had in "your money" was his own. In January 2009, the 44-year-old talk show host was busted on 13 counts of fraud for a Ponzi Scheme he created that mostly targeted a Christian audience. In the end, Rennie stole more than $3.2 million from his clients. He kept his tracks hidden by paying out small, fake "dividends" and printing up bogus prospectus sheets.
Share Your Ire
blog comments powered by Disqus