Tickfaw man pleads guilty in ponzi scheme case

POSTED: Friday, April 2, 2010 - 7:09am

UPDATED: Friday, June 4, 2010 - 12:00am

A Louisiana business man pleaded guilty to a $20 million ponzi scheme.

Mathew Pizzolato pleaded guilty defrauded 180 investors, most of them were elderly. He used the money to buy cars, a home, and sports tickets.

Pizzolato had offices in Baton Rouge, Hammond, and Lake Charles.