Bernie certainly wasn't alone. As BusinessWeek recently pointed out, there's currently a "bull market for investment scams."
Forget the sex scandal for a moment and think about the way he does business.
HOUSTON — Texas financier R. Allen Stanford, jailed on charges of bilking investors out of $7 billion, was hospitalized Thursday with an irregular heartbeat and high pulse, just hours before his ex-finance chief became the first person to plead guilty in the case. Stanford was set to appear in a Houston federal courtroom for a hearing on whether he can get a new attorney.
Tales of 114 million percent returns on investments!
A Florida money manager was sentenced to 24 years in prison on Friday for orchestrating a Ponzi fraud scheme that took in $44 million from investors by purporting to make profits by currency trading.
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