Victims receive checks from Ponzi scheme

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 — part of it, at least.

Joshua Vance “J.V.” 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 Huffman’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.

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