ponzi scheme: Another Day - Another Scam. Busted! - 02/15/11 06:52 AM
It's like freakin' whack-a-mole out there. Every time you smack one down, three more are trying to game the system. Prosecution works great but it's after the fact and the victims never recover. Education is the key - to stop people from becoming victims.
CON MAN SENTENCED TO 22 YEARS IN PRISON IN MULTI-MILLION DOLLAR PONZI SCHEME THAT BILKED HUNDREDS OF INVESTORS
 
Juan Rangel Targeted Spanish-Speaking Victims in $30 Million Ponzi and in Second Scheme to Steal Savings and Properties from Distressed Homeowners
 
        LOS ANGELES – A Downey man was sentenced today to 22 years in federal prison … (1 comments)

ponzi scheme: FRAUD - Slam the Door, The Horse is Gone. - 02/07/09 05:06 AM
Much like errant weeds after a spring rain, real estate fraud scams continue to pop up and victims continue to volunteer their reputations and their resources. Me, I can't find a qualified buyer for a bargain priced home. These guys find suckers ready to shell out tens and hundreds of thousands of dollars to invest in housing they'll never own for returns they'll never see.
This latest revelation involves a Roseville-based 'investment' company called Loomis Wealth Solutions, formerly known as the Advantage Financial Group about one of their employees known as Christopher J. Warren, formerly known as Mark A. Seagraves. Folks, if … (4 comments)

ponzi scheme: $18 Million Ponzi / Affinity Schemer Gets 12+ Years & $6.8 Million Fine. - 01/20/09 04:47 PM
Once in awhile they do get caught. Sometimes it seems like not often enough but then one comes out of the woodwork like this. Over 600 investors were taken advantage of! Promised returns of up to 50% in as little as a months time! My sweet Lord, people – does this not strike ANYBODY as being pretty far out there? Don’t these ‘investors’ bear some responsibility  just for being unusually, oh I don’t know…GULLIBLE? Or would greedy & stupid be more to the point. 
And to make matters worse, in addition to a classic Ponzi scheme, plus taking advantage of people … (5 comments)