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Woman Who Bilked Investors Had Pretty Good Reason To Do So

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Not an amazing get out of jail free card but I'd say definitely a pretty decent one, which was that Antoinette Hodgson had a dream. A dream to franchise a Dunkin Donuts. (As for the gambling spree, that very well could've been part of her investment strategy, you have no idea.)

Hodgson, 58, of Montclair, N.J., "spent hundreds of thousands of dollars at casinos in Atlantic City and Las Vegas," according to a complaint charging her with conspiracy and wire fraud. "Antoinette Hodgson allegedly has already proved she's a lousy gambler by losing the investor's money in the casinos," said George Venizelos, acting head of the FBI's New York office. "She has now gambled with her future and faces serious charges for a plot of her own making." In addition to blowing some of her illegal proceeds at the gaming tables, Hodgson allegedly spent $700,000 on a Dunkin' Donuts franchise in Arizona and gave away tens of thousands of dollars to her family and friends.

NJ Woman Gambled Away Ponzi Scheme Proceeds [NYP via Daily Intel]


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