Blog Category: Ponzi scheme

When $12 Million Was Stolen And Nobody Did Anything About It

“We’ve determined he’s stolen at least $12 million cash from his investors and put it in a Swiss bank account under his own name. We tracked down the account.” Lewis, the head…

“We’ve determined he’s stolen at least $12 million cash from his investors and put it in a Swiss bank account under his own name. We tracked down the account.” Lewis, the head of a multi-billion dollar fund of funds was telling me this on the phone. Lewis had about $30mm invested with David. I had […]

Read More Comment