Jailed Ponzi Schemer Gina Champion-Cain Being Sued for Divorce in San Diego

Gina Champion-Cain, serving a prison term in Dublin, never told her husband about the Ponzi scheme. Times of San Diego photo illustration

Steve Cain filed for divorce in April, citing “irreconcilable differences” in his San Diego Superior Court petition.

Steve Cain petition for divorce from Gina Champion-Cain. (PDF)

Except for the length of the marriage — their 32nd anniversary was last week — and the fact no children are involved, the filing is unremarkable. But his wife’s name makes the case compelling.

It’s Gina Champion-Cain.

The one-time real-estate-and-restaurant wonder woman and charity maven — named a 2013 “Woman of Distinction” by San Diego Woman Magazine and having a day named in her honor — is serving a 15-year prison sentence in a minimum-security camp in the East Bay town of Dublin.

Her blockbuster crime made international headlines: a nearly $400 million Ponzi scheme defrauding hundreds of investors. San Diegans Barbara Bry and her husband, Neil Senturia, are publishing a book titled “I Did It” on her career next month.

Steve Cain, a founder of the binational firm Pacific Pulp Molding, has not been accused of wrongdoing. In fact, Champion-Cain kept secret her criminal acts from him, she suggested in a January deposition.

But according to a San Diego Union-Tribune report, the court-appointed receiver was able to recover $1.3 million from Cain, involving the “refinancing of the couple’s family home in Old…

Read more…

Leave a Reply

Your email address will not be published. Required fields are marked *