DIAMOND BAR, Calif. (AP) — Three former elementary school PTA members have been arrested and charged with running an alleged Ponzi scheme in Southern California that defrauded more than 40 people out of millions.
The Los Angeles County Sheriff's Department said Maricela Barajas and Juliana Menefee were arrested at their Diamond Bar homes Tuesday.
Eva Perez, who's serving an 11-year prison sentence in connection with the scheme, was also arrested.
Investigators said the women earned the trust of their victims as members of the Armstrong Elementary School PTA. They claimed to victims they had the exclusive right to sell dairy products at Disneyland and promised returns of up to 100 percent.
Detectives believe the three collected about $14 million and returned about $10 million to investors.
Barajas and Menefee were being jailed on $500,000 bail.