NECMF

Mar 26, 2016 1:01 PM

Victims says Rindge man's Ponzi scheme cost them millions

NH1.com

CONCORD - A Rindge man's Ponzi scheme has defrauded his victims of millions, they say.

According to The Keene Sentinel, victims' written statements were filed in Concord in advance of Aaron E. Olson's sentencing on April 1 for related tax evasion charges.

The victims' names and identifying information were redacted under a court order.

One victim, identified as A.K., said he lost $45 million. Olson denies the claim.

Olson is charged with understating his owed federal income taxes from 2007-2010 by more than $664,000. The U.S. Attorney's office claims he also swindled investors of his two illegitimate firms, AEO Associates and KMO Associates, out of $27.8 million.

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