Father and daughter accused of bilking investors

WAILUKU, Hawaii (AP) - A federal grand jury has returned a 17-count indictment against a father and daughter on Maui accused of operating a pyramid scheme.

The Maui News reports that 65-year-old George Lindell and 39-year-old Holly Hoaeae, owners of The Mortgage Store, are accused of bilking more than $8.6 million from unsuspecting investors over a 5-year period.

Federal prosecutors say the charges include mail fraud, wire fraud and conspiracy to commit money laundering. The government is seeking forfeiture of various properties and assets, including the money that the two are alleged to have made as a result of the fraud.

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