Ponzi Scheme Of The Day

These things are getting to be as common as the Friday FDIC bank seizures. This one has an attorney at its center. Are you surprised?

Authorities charged Robert P. Copeland of Marietta, Georgia with running a Ponzi scheme. Allegedly he swindled about 140 investors out of $35 million. The fraud occurred between 2004 and 2008. Amazing how they keep these going for so long isn’t it.

Anyone care to wager if the number of Ponzi schemes exceed the number of bank failures this year?

more: here

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