California Insurance Agents Arrested for Ponzi Scheme
It is never a good idea to attempt to run a Ponzi scheme. An insurance agent, and a former insurance agent, from Southern California, just got arrested for allegedly running a million-dollar Ponzi scheme. The men targeted Latino senior citizens as their victims. Do you know what a Ponzi scheme is? It is what Bernie Madoff got in trouble for running a few years ago. Madoff ripped off several celebrities including Kevin Bacon and Kyra Sedgwick, Zsa Zsa Gabor and her husband Prince Frederic von Anhalt, and others. A Ponzi scheme, according to the United States Securities and Exchange Commission, … Continue reading