It is almost scary to think of how far back this type of scam goes, how many companies are still implementing the scheme, and how few people step up to try and blow the whistle on "corporations" who extort people this way. (0450)
Swindler Bernard Madoff was convicted in March 2009 of orchestrating the largest Ponzi scheme in history, a decades-long scam that bilked investors of more than $50 billion. In pleading guilty to 11 felony counts, Madoff claimed to be "deeply sorry and ashamed." Madoff is pictured in a United States Marshals Service mug shot.
If found guilty of running a Ponzi scheme for Trump University under the RICO Act, Trump would become a felon. Making ineligible to be POTUS. My fingers, eyes, toes and legs are crossed for this to happen before November!
#1 in the Manor House Mystery series: Everyone wants a piece of millionaire Bennett Marshfield, owner of Marshfield Manor, but now it's up to a new curator Grace Wheaton and handsome groundskeeper Jack Embers to protect dear old Marshfield. But to do this, they'll have to investigate a botched Ponzi scheme, some torrid Wheaton family secrets-and sour grapes out for revenge.