Robert Craddock arraigned, assigned public defender
Turns out Ponzi schemes don’t pay.
Well, at least not for Robert Craddock.
Last month saw Robert Craddock of Zeek Rewards Ponzi fame indicted for wire fraud.
Craddock stands accused of falsely claiming $135,153 in damages from BP. The claim was for damages as a result of the Deepwater Horizon oil rig explosion back in 2010.
Craddock’s arraignment took place as scheduled on March 26th. During the hearing, Craddock plead not guilty and advised the court that his “current financial status” prohibited him from hiring an attorney.
The court ordered Craddock be assigned a federal public defender (taxpayer-funded attorney).
Due to Craddock’s plea of not guilty, the case will now progress towards a trial.
A scheduling order made during the arraignment has set a status conference for April 13th, with a trial scheduled to begin on May 4th.
If convicted, Craddock faces a maximum 20 years in prison. At 54 years of age, this would effectively see him spend the rest of his days behind bars.
Footnote: Our thanks to Don@ASDUpdates for providing an update of the Craddock case court docket and related documents.
craddock must be moneyless, familyless and friendless, if he has to put 20 years of his life, in the hands of a federal public defender.
the federal public defenders are outfunded, outtalented and outeverythinged by the prosecutors office. he will end up making a plea bargain.
trial scheduled for may 4th! this is some dashing speed!
what is it with ponzi scammers and poor wealth management? i see that here in india too, these regular ponzi players make some big bucks, but are usually out of money very quickly, and are off panting behind another ponzi.
is it guilt which stops them from holding on to the money for too long?
Could not have happened to a better parasite.
Update: Status conference set for 23rd of June, trial pencilled in for July 2015.
Pay back by government for exposing their fraudulent seizure of Zeek?
The only thing “exposed” was that Zeek Rewards was one of the biggest MLM Ponzi schemes of all time.
The government didn’t make Craddock file a fraudulent claim for relief, he did that on his own.
Oh right. The only thing he exposed was his slimy self and the naivete of those who sent him money.
Update: Trial has been scheduled to take place in July 2015.
Status conference is still set to take place on June 23rd.