Ponzimonium How Scam Artists are Ripping Off America

Commodity Futures Trading Commission (U.S.), "Ponzimonium: How Scam Artists are Ripping Off America"
English | 2011 | ISBN: 0160890799 | EPUB | pages: 90 | 1.4 mb
Fortunately, more than ever before, con artists are being apprehended and prosecuted. Federal, state and local law enforcement officials have reported enormous increases in tips and criminal activity since the economic calamity began in 2008. Cash redemptions are dangerous for Ponzi schemes, because when the money runs out, folks start talking. For example, at any one time, enforcement staff at the U.S. Commodity Futures Trading Commission (CFTC) are investigating anywhere between 750 and 1,000 individuals or entities for various violations of the law. Increases in tips and fraud cases have also occurred at the U.S. Securities and Exchange Commission (SEC), at the Federal Bureau of Investigation (FBI), in the states, and various localities around the world.The stories in this book are actual CFTC cases stemming from investigations that began with the economic downturn.These are real cases, real fraudsters, with unfortunately . . . very real victims. While, the fundamental nature of the writing in such files is, as you would imagine, very bureaucratic: this script is anything but bureaucratic.