Friday, February 10, 2012

News > 40,000 Investors Lost $70 Mill in Ponzi Scheme, U.S. Says.

40,000 Investors Lost $70 Mill in Ponzi Scheme, U.S. Says.

by Mail Man on August 17, 2011

40,000 investors lost $70 mill in Ponzi scheme, U.S. says.
Federal prosecutors Friday said a Canadian now living in the Philippines was running a massive international Ponzi scheme that cost more than 40,000 investors in 120 countries at least $70 million.

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