Arizona concert promoter busted in alleged Ponzi scheme

A concert promoter from Arizona has been accused of running a $25 million Ponzi scheme that has left approximately 140 victims in its wake, according to a press release issued by the Arizona division of the FBI.The alleged promoter--Miko Dion Wady, of Chandler, AZ--was arrested Jan. 6 and faces 37 counts of wire fraud and transactional money laundering. According to the indictment, Wady and others "secured investments" between 2004 and 2007 for performance contracts with nationally and internati...

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21:01 on January 11 2010

Arizona concert promoter busted in alleged Ponzi scheme

Live Daily — A concert promoter from Arizona has been accused of running a $25 million Ponzi scheme that has left approximately 140 victims in its wake, according to a press release i... more info

21:01 on January 11 2010

DC-area's Nissan Pavilion gets new name

Live Daily — The Nissan Pavilion in Bristow, VA, is now being called Jiffy Lube Live, according to the Washington Post. No details about the new naming-rights deal were available at p... more info

Lube Tim McGraw