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GCPD: Woman Used Ponzi-Like Scheme to Defraud Immigrants

By   /  March 19, 2015  /  No Comments

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A Glen Cove woman was arrested Wednesday for conducting what appears to have been a fraudulent scheme against members of the hispanic community, according to the Glen Cove Police Department.

Norma Espinoza, 37 of Glen Cove, was arrested by Lt. Nagle, Det. Van Allen, and P.O. Linares and charged with multiple counts of grand larceny and fraud.

Espinoza allegedly started the “game” popularly known as “Cuchubal” in 2012. The players, mostly immigrants, “were asked to make a regular $200 cash contribution to a common fund which Espinoza would oversee,” according to a statement released by Lt. John Nagle. After the year of weekly payments, they were promised $10 thousand, though Espinoza allegedly never paid out at least some of the members, who reported the crime.

Espinoza’s next court date is Friday. If convicted, she could face up to 7 years in prison.

 

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