Sacto 9-1-1
May 2, 2013
Ask Sacto 911 crime Q&A: What's latest in case of Elk Grove man accused in Ponzi scheme?

Bee reporters answer questions about area crime news, trends and other issues.

QUESTION: I was wondering if you had any information about the Ponzi scheme case against Chris Jackson?
Submitted by: Conrad, Sacramento

ANSWER:The case of Christopher Jackson, one of five Sacramento-area residents charged in September 2011 in a $26 million real estate fraud scheme, remains in federal court in Sacramento.

According to online court records, the case has been reassigned from U.S. District Judge Garland E. Burrell Jr. to newly appointed U.S. District Judge Troy L. Nunley. The next court date, a status conference, is scheduled May 9.

According to the federal grand jury indictment, the scheme took in 180 investors, many of whom pulled equity out of their houses to participate. The now-defunct company called Diversified Management Consultants Inc., or DMC, allegedly lured investors with promises of large profits but used their cash instead to pay earlier investors.

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Sacto 9-1-1 is a blog on crime and emergency services news in the Sacramento region.

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