An Ewa Beach woman will be arraigned on charges she bilked 11 investors out of more than half-a million dollars in a Ponzi scheme.
Suzette Anguay is scheduled to appear in U.S. District Court in Honolulu on Thursday.
An indictment filed Wednesday alleges the 48-year-old told investors she would generate 15 to 30 percent annual returns on their money.
It says she accepted more than $800,000 from 15 people from 2007 through 2010.
Instead of investing it, the indictment says Anguay used the funds to pay other investors, make payments on her mortgage and cover travel expenses, food and utilities. Anguay faces eight counts of mail fraud.
Attempts to reach Anguay were unsuccessful. Her phone number is not listed, and court papers don't indicate whether she has an attorney.