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Colleyville businessman in custody, accused of running Ponzi scheme
FORT WORTH -- A Colleyville businessman remained in federal custody Sunday, accused of running a Ponzi oil and gas scheme that bilked investors of more than $2.6 million.
James E. Vanblaricum, 77, faces a detention hearing Tuesday in a Fort Worth federal courtroom.
The Colleyville man was arrested Wednesday by U.S. Postal inspectors and ordered to remain in custody after an initial hearing Thursday.
He is charged with mail fraud, and if convicted he faces a maximum of 20 years in prison and a $250,000 fine, according to federal agents.
Read more here: http://www.star-telegram.com/news/local/community/northeast-tarrant/article97012837.html
