Manhattan Lawyer Accused Of Operating $5 Million Ponzi Scheme

A Manhattan-based attorney has been charged with operating a Ponzi scheme responsible that allowed him to steal $5 million. The Securities and Exchange Commission said Charles Bennett raised the money by selling purported investments with a Wyoming-based investment fund but in fact never invested the money. The U.S. Attorney's Office for the Southern District of New York announced criminal charges for Bennett as well. Bennett's attorney could not be reached.