10 titillating tales of financial mayhem
Things that go Ponzi in the night
I invested in a real estate trust at 18 percent return and received interest payments religiously every month for two years, when the feds realized it was a Ponzi scheme.
The hard thing about it was that they owned some of the prime real estate in the Boston area.
Needless to say, my investment went south. The principals spent time in jail, but we never got our investment back.
-- Bernard Z., Framingham, Mass.