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Boca Raton Billion-Dollar Scam Exposed | Dayton News
A Boca Raton couple, Jean Joseph and Janalie Bingham, are getting massive prison sentences for running a $50 million real estate scam—Joseph 20 years, Bingham 4 years. They lured hundreds with promises of a $450 million property portfolio, but investigators found they owned almost nothing. The scheme? A classic Ponzi: new investors’ money paid old ones, while the duo spent over $2 million on luxury items—including a mansion. Joseph was already in jail from a prior fraud case but kept running the operation from behind bars. Investors lost everything, and restitution hearings are set for…
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