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Legal News

: Lawyers and Settlements

Another Ponzi Scheme Costs Investors Millions in California

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Norwalk, CA: People these days who are just hanging on by their teeth economically could be forgiven in their vilifying of people like Milton Retana for ripping innocent people off through alleged Ponzi fraud. This time, the Ponzi scheme fraud involved a real estate broker who allegedly defrauded thousands of people out of millions of dollars. Sadly such Ponzi schemes, which have been around since the 1920s, play no favorites and show no mercy for people who are hurting.

Full post as published by Lawyers and Settlements on December 21, 2008 (boomark / email).

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