Ponzi Scheme Collapses Up Nearly 400% In 2009
By johnu1978 - Last updated: Tuesday, December 29, 2009 - Save & Share - Leave a Comment
As the depression intensified this year the country saw the number of Ponzi scheme collapses increase nearly 400% over 2008’s numbers.
According to the Associated Press tens of thousands of investors located throughout the country have lost a significant sums of money, in some cases they lost their life’s savings.
This year’s schemes ranged from several hundred thousand dollars to the $7 billion scam pulled off by financier Allen Standford. Stanford is currently in prison awaiting trial.
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Posted in Economics • Tags: Business, Economics, investing, Jewish mafia, Madoff, ponzi scheme, scam, stanford • Top Of Page