NEWARK, N.J. — A federal grand jury here has indicted the former owner and chief executive of Capitol Investments Inc. for allegedly leading an $880 million Ponzi scheme related to a bogus grocery wholesaling business. As previously reported, Nevin K. Shapiro, founder and president of Capitol, told investors he ran a grocery diverting business that purchased low-priced groceries in one region and resold them in another where prices were higher, according to the charges. He produced fake ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Salary Survey 2015

Registering for content on Supermarket News will give youINSTANTaccess to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’sFREE, easy and quick. What are you waiting for!In addition you will also receive complimentary access to the SN salary survey data tables.

Click here to read the FAQ page if you have any questions (opens in a new window)

Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.