Federal authorities charge Salisbury man in $2.3 million Ponzi scheme

Federal authorities charge Salisbury man in $2.3 million Ponzi scheme: (By Ames Alexander, aalexander@charlotteobserver.com) Federal authorities have charged an alleged con man from Salisbury with running a Ponzi scheme that allowed him to fraudulently obtain more than $2.3 million from individuals and charitable groups.

John Knox Bridges falsely told several people he would invest their money in a Texas oil company, but instead put the funds in his own account, using it for "international travel and personal living expenses," according to a federal indictment that was unsealed Thursday.