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SEC Charges Two Florida Men in Ponzi Scheme Defrauding Teach

PostPosted: Mon Aug 29, 2011 4:14 pm
by admin
SEC Charges Two Florida Men in Ponzi Scheme Defrauding Teachers and Retirees
The Securities and Exchange Commission today charged two Florida men with operating a Ponzi scheme disguised as a purported private equity fund that fraudulently raised approximately $22 million from more than 100 investors, many of whom were Florida teachers or retirees.
http://www.sec.gov/news/press/2011/2011-171.htm