Artwork for podcast Real Life Regulators: Financial Fraud
Don’t Get Taken to the Cleaners
Episode 515th September 2021 • Real Life Regulators: Financial Fraud • NASAA
00:00:00 00:35:46

Share Episode

Shownotes

Today's episode will focus on a Ponzi scheme case with many twists and turns involving a narcissist who will even pitch an investment idea to the prosecutors, fires his defense attorney during the trial, and asks for a life sentence, just to name a few. A Ponzi scheme is when you take a new investor's money to pay back previous investors. The mastermind behind this Ponzi scheme was a longtime investment advisor who owned a dry-cleaning business and hoped to open a doggie daycare but ended up taking over 1.7 million dollars from about five victims.

Links