The owner of a sports betting investment company ran an $8.5 million Ponzi scheme that ripped off investors, including Ohioans, Feds say
CLEVELAND, Ohio — A Las Vegas man is accused of bilking investors out of more than $8 million by orchestrating a Ponzi scheme, federal prosecutors say. Matthew Turnipseede ran a betting company called MoneyLine Analytics and stole $8.5 million from 72 investors, according to the indictment filed in federal court in Cleveland. Turnipseede is charged …