Agoura Hills man pleads guilty in $20 million fraud

Ponzi scheme offered returns ‘too good to be true,’ victim says


An Agoura Hills man, once an active volunteer with youth soccer and basketball leagues in the area, will face up to 20 years in prison for his involvement in a $20-million Ponzi scheme that snared investors across the country, including many in the Conejo Valley.
On May 31, the United States Attorney’s Office, California Central District, brought criminal charges against 50-year-old Dean Peter Gross following a three-year investigation. In a plea agreement, Gross admitted to fraud and other cha...

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