May 18, 2024
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Ponzi scheme

A 73-year-old former stockbroker persuaded people to invest up to GBP500,000 in fictional investments that offered a 7.5 percent return. He forged letters telling clients how well their investments were performing, even going so far as to pay dividends. Between 2006 and 2012, 10 victims lost a total of GBP1.2 million. Alas, crime never pays. […]
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