From the NYT, another Ponzi scheme was busted today. This one involved mortgages. Four people were indicted in what prosecutors said was a $70 million Ponzi scheme that promised more than 1,000 homeowners that their mortgages would be paid off within seven years. A fifth person was named in a criminal information, which usually means that person […]

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. […]