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Palo Cedro man pleads guilty to $35 million ponzi scheme in Shasta County

Summary by Action News Now
Court documents show that once 48-year-old Matthew Piercey of Palo Cedro learned of the investigation against him, he attempted to obstruct justice by discouraging witnesses from cooperating with the ongoing investigation. He also transferred $775,000 into his own bank account…

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Action News Now broke the news in on Thursday, May 15, 2025.
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