Griggs Sentencing Today in Ponzi Scheme Case
By Wendy Osher
Sentencing is scheduled today for a man accused of operating a Ponzi scheme from federal prison. Perry Griggs is accused of working with co-conspirators to operate the scheme in which 17 victims invested more than $4 million. The sentencing will take place in the courtroom of Judge David Ezra in Honolulu today.
After Perry’s release from federal prison, he his wife Rachelle disappeared. A fugitive manhunt was launched, and the couple was captured in Arizona in December of 2010. They and their Hawaii-based co-conspirator, Kapua Keolanui, pleaded guilty and are awaiting sentencing.
This case was particularly unusual because Perry is accused of operating the scheme from inside the prison walls while he was serving a federal prison sentence for operating a prior Ponzi scheme.
Perry’s co-conspirators will be sentenced later this summer in separate hearings.