Tag Archives: Cay Clubs

Federal Jury Convicts Financial Executive in Cay Clubs Ponzi Scheme Case

On March 6th, 2017, the United States Department of Justice (DOJ) announced that David W. Schwartz, the former Chief Financial Officer (CFO) of Cay Clubs Resorts, has been convicted of several serious offenses by a federal jury. Mr. Schwartz now faces up to 93 years in prison. Cay Clubs, which at one point employed… Read More »