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Hilo woman, 73, cuts plea deal in investment scam



HILO, Hawaii (AP) Unspecified health problems are helping a 73-year-old Hilo woman avoid additional time behind bars by cutting a plea deal in an investment scam.
 
Roberta Beck "Buddy" Wong pleaded guilty Friday in federal court to wire fraud. The Hawaii Tribune-Herald reports that in exchange for the plea, she'll be sentenced to time already served and five years' probation. She must also pay about $600,000 in restitution. 
 
Court documents say the agreement was reached because of unspecified "extreme health problems." 
 
Wong was indicted last year on numerous charges alleging she ran a Ponzi scheme, stealing nearly $500,000 from investors over nearly a decade. Subsequent indictments alleged she continued to run the scam while awaiting trial. Court documents claim she told victims they would be investing in African oil programs.

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Topics : Law_Crime
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Locations : HawaiiHilo
People : Roberta Beck "Buddy" Wong
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