LOS ANGELES -- Three former Diamond Bar elementary school PTA members were charged Wednesday with nearly two dozen criminal counts in connection with an alleged Ponzi scheme that defrauded more than 40 people out of $1 million.
Maricela Barajas, 41, Juliana Celeste Menefee, 50, and Eva Perez, 51, face 22 felony counts each of grand theft of personal property and securities fraud, said Jane Robison, a spokeswoman for the Los Angeles County district attorney's office.
If convicted on all counts, each defendant faces a maximum sentence of up to 13 years in state prison, Robison said.
L.A. County sheriff's investigators allege the women coaxed their victims into handing over their life savings or taking equity out of their homes for "investments" while working at school events and functions as members of the Armstrong Elementary School PTA.