$364 milion Ponzi scheme

[Bird Dog]

Maryland man charged in $364 million Ponzi scheme


http://www.baltimoresun.com/news/maryland/crime/bs-md-ponzi-scheme-20180918-story.html

 

[officeguy]

Maryland man charged in $364 million Ponzi scheme


http://www.baltimoresun.com/news/maryland/crime/bs-md-ponzi-scheme-20180918-story.html

And there I thought they are talking about the social security administration in Baltimore.

 

[Monello]

The 147% ROI should have been a tip off.

 

[officeguy]

The 147% ROI should have been a tip off.

Never ceases to amaze me how many episodes of 'American Greed' CNBC can produce with the same plot line. If they rip off professional investors, it shouldn't even be illegal.

 

[Bird Dog]

The 147% ROI should have been a tip off.

If it sounds to good to be true.....it probably isn't

 

[LightRoasted]

If I may ...

There are also of course .....

The public retirement pension Ponzi Scheme
The Social Security Ponzi Scheme
The stock market Ponzi Scheme
The Federal Reserve Ponzi Scheme

There are Ponzi Scheme galore. It's just that the ones that are blessed by those in power hate the competition.