Traverse City Business Owners Plead Guilty to $1.1 Million Embezzlement Scheme Targeted at Northern Michigan Seniors

Michigan Attorney General Mike Cox recently announced that financial services company Estate Growth Management and its principals, Gary Singer and Margaret Zimmerman, each pled guilty to two felony charges after reaching a plea agreement with the Attorney General's Office. The defendants had persuaded their mostly elderly clients to invest money in various speculative investments that never yielded the promised returns even as the principals were withdrawing large sums as commissions. See the full story here.