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After waiting more than five years since his initial arrest, victims of the J.V. Huffman and Biltmore Financial Group, Inc. Ponzi scheme have finally received their money â€” part of it, at least.
Joshua Vance â€śJ.V.â€ť Huffman, of Conover, was arrested on Nov. 7, 2008 after scamming close to 500 people out of approximately $25 million with his company.
Biltmore Financial Group, Inc., was in business for 17 years prior to Huffmanâ€™s arrest.
To read more of this story, pick up the Wednesday edition of Catawba County's community newspaper, The Observer News Enterprise, at newsstands throughout the county.