Maui man sentenced to 12 years for Ponzi scheme

A Maui accountant who led a long-running Ponzi scheme that cost his investors $8 million is being sentenced to serve nearly 12 years imprisonment without the possibility of parole. U.S. District Judge David Ezra handed down the sentence Wednesday against 61-year-old Lloyd Y. Kimura, who previously pleaded guilty. Kimura, the brother of Hawaii County...

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Hawaii County Prosecutors Quit

Friends for Justice learned today that 5 employees in the Hawaii county prosecutors office resigned on or around January 4th. East Hawaii has 24 prosecutors. Information is scarce, and no one is talking, but we have reason to believe the majority of resignations may have all been out of the East Hawaii office in...

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Maui man pleads guilty to Ponzi scheme

A Maui man who previously pleaded guilty to violating state financial securities laws in connection with his operation of a multi-million-dollar Ponzi scheme pleaded guilty in federal court this morning to mail fraud and bank fraud. As part of his agreement with the federal prosecutor, Lloyd Y. Kimura, 61, of Wailuku, was to turn...

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Deal means 20 years in Kimura case

WAILUKU – Wailuku businessman Lloyd Kimura pleaded guilty to four counts of securities violations in 2nd Circuit Court on Tuesday morning. Circuit Judge Joseph Cardoza accepted a plea agreement by which Kimura will be sentenced to two 20-year terms and two five-year terms, to run concurrently. However, it was revealed in court that Kimura...

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Maui businessman accused of Ponzi scheme charge

State prosecutors have charged a Maui businessman accused of running a Ponzi scheme with two counts of making false or misleading financial statements and two counts of prohibited securities practices. The state attorney general’s office said Thursday that Maui Industrial Loan & Finance Co. President Lloyd Kimura filed false or misleading statements in documents...

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Charges filed against Maui businessman

WAILUKU – The state attorney general has charged Maui businessman Lloyd Kimura with two counts of prohibited securities practice and two counts of making false or misleading financial statements. The complaint was announced in a news release Thursday evening. It had been filed in 2nd Circuit Court on Monday. Kimura’s attorney, Phil Lowenthal, said...

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