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Thursday, February 5, 2015

****Yikes: Teddy Riley Being Sued for $1.9 Million****

Teddy Riley (née Edward Theodore Riley,) is being sued by his investors and possibly charged with federal fraud and conspiracy. He allegedly scammed investors from thousands of dollars totaling about $326,480. Riley's company, "The Receivables Exchange," allegedly did not auction off receivables to investors to allow them to collect on owed debts. One point nine million dollars is a lot of money. Uh-oh. --Penn

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by Penn Peroud