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International Business Times UK
International Business Times UK
Politics
Vinay Patel

US Beauty Queen Targeted Filipinos In $10M Ponzi Scheme To Pay For Lavish Lifestyle—Here's What Happened

Maria Dickerson, accused of a Ponzi scheme, allegedly used the stolen funds to enjoy a luxurious lifestyle, flaunting her extravagant spending on social media. (Credit: Facebook / Dulce Pino: Senior Face of Europe and the World- USA)

A California beauty queen has been accused of running a Ponzi scheme, allegedly defrauding friends of millions of dollars. Reports suggest she used the stolen funds to finance her extravagant lifestyle.

The United States Attorney's Office (Eastern District of California) indicted Maria "Dulce Pino" Dickerson on charges of running a Ponzi scheme, a fraudulent investment strategy named after Charles Ponzi, who famously deceived investors in the 1920s with a postage stamp speculation scheme.

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