Ponzi schemes becoming more prevalent
| 04 November, 2014 | 996 | 3980
Key Points:
Couple masterminded Ponzi scheme that bilked local investors out of $50 million, FBI says
More potential victims have come forward
Ponzi schemes are on the rise nationwide, totaling more than $50 billion in losses
Elderly investors are often targeted
As the list of potential victims of an alleged local Ponzi scheme surpasses 200, Ohio’s Securities Commissioner Andrea Seidt warned consumers to use common sense to avoid being suckered by promises of financial gains too good to be true.