Monsey mother, son accused in $10 million Ponzi scheme

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An elderly Monsey woman and her son are accused of stealing $10 million in a Ponzi scheme.

Jeanette Berney, 80, and her 51-year-old son, Elliot, have been charged with grand larceny for allegedly scamming investors out of $10 million through their firm, ?NHI metals,? which never actually existed.

Police say that the scheme began in 2006 and that the fake firm operated out of Berney's Highview Road home in Monsey.

District Attorney Tom Zugibe says the pair convinced customers that "NHI metals" was investing in bank notes or metal securities in Europe.

So far, 75 alleged victims from Rockland County and New Jersey have been identified.

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