Thursday, February 26, 2009

Three New Investment Frauds

"Another day," writes Liz Moyer in Forbes, "another $660 million bilked from investors."
Wednesday's fraud tally: three alleged schemes, $660 million, four arrests.

Those numbers seem small compared to Bernard Madoff's alleged $50 billion swindle, and even the $8 billion Allen Stanford is accused of running off with, but it's another sign that federal prosecutors have no end of work in sight tracking down fraud schemes.

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