Sunday, July 11, 2010

Hundreds of Federal Agents Fall Victim to Ponzi Scheme

AOL News reports:
FBI agents are supposed to unearth scams, not become victims of them. This time is different.

Some 300 retired and current federal agents -- representing the FBI, the Drug Enforcement Administration and Immigration and Customs Enforcement -- collectively invested tens of millions of dollars of retirement money in what turned out to be a Ponzi scheme allegedly run by a Florida man who committed suicide last month, an attorney in the case said.
Will Obama's new Consumer Protection Bureau prevent this?