WASHINGTON — A Miami Beach, Fla.-based grocery reseller surrendered to federal authorities on Wednesday amid charges that his business, Capitol Investments USA, was a Ponzi scheme used to enrich himself and unrelated business ventures. Nevin K. Shapiro, founder and president of Capitol, ran a grocery diverting business which purchased low-priced groceries in one region and resold them in another where prices were higher. According to the Securities and Exchange Commission, Shapiro violated ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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.
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.