Arkansan Scammers Buy Entire City of Clarksville with Ponzi Money

Clarksville, Ark. — Federal investigators revealed today that a Clarksville woman and her stepson had bought the entire city using money they made through ZeekRewards, an online Ponzi scheme that generated more than $850 million.

Dawn Wright-Olivares and Daniel Olivares reportedly used their ill-gotten gains to purchase Clarksville, its 9,288 residents and two British tourists who were passing through when the $937,300 sale was finalized.

Olivares told reporters that aside from contributing to Mark Darr’s 2010 campaign, buying the city was the worst spending decision that he and his stepmother made.

“Looking back, I feel pretty bad about what we did,” he said. “We let our family down by getting Clarksville on a whim without even making an offer on Russellville, which is a much nicer place. The huge adult store was even a dramatic letdown.”

Officials with the Arkansas Municipal Sales Department are trying to decide whether Clarksville should be seized by the Arkansas government or simply given to a neighboring state–likely a toss-up between Texas and Oklahoma.

advertisement
Previous post
Arkansas Razorbacks Sign 76 Year Old QB to 2014 Recruiting Class
Next post
Bobby Petrino Leading Candidate for Louisville Job, Interview This Week

2 Comments

Leave a reply

Your email address will not be published. Required fields are marked *

*

*

Back

News Alerts

Signup for our daily news alerts or weekly recap
Signup
SHARE

Arkansan Scammers Buy Entire City of Clarksville with Ponzi Money