Ponzi Scheme in Des Moines County | Des Moines News

Two Des Moines County men, Chad Boal and Cory Richards, face federal charges over a sprawling Ponzi scheme allegedly costing tens of millions and swindling dozens of victims. Accused of running fake “humanitarian foundations” that promised sky-high returns, the duo is now locked in a legal battle with trial set for April 2027. Prosecutors seek to seize luxury cars, real estate, and other assets, while Boal’s defense argues he was the victim, not the perpetrator. This case is a chilling reminder of the high cost of chasing quick riches. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3181aa0254500273