A real estate promoter pleaded guilty today to stealing tens of millions of dollars in a Ponzi scheme. Gene O'Neal of Atlanta faces up to 40 years in prison. O’Neal ran Pinnacle Development Partners. The indictment claims O'Neal raised more than 60-million dollars from investors to buy real estate. But O'Neal used newer investors' contributions to pay back money owed to older investors, racking up huge debts along the way.
