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Florida’s ‘Mother Theresa’ Charged $196M In Ponzi Scheme

At a glance

  • A Florida woman who was often referred to as “Mother Theresa” and a man were charged with running a $196 million Ponzi Scheme, according to a filing from the Securities and Exchange Commission (SEC).
  • Pavel Ruiz, 29, was accused of pocketing $6.5 million after defrauding investors out of $42 million through companies run by Johana M. Garcia.
  • Garcia claimed to have been referred to as the “Mother Theresa” of her community because she always found ways to “help hard-working individuals make money,” according to a blog post from one of her companies’ sites.

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