Recession Exposes Ponzi Schemes

While very little good comes from a severe economic recession, hundreds of Ponzi schemes, from a few million dollars to "Madoff-size," have been brought to light. The FBI is currently investigating more than 500 fraudulent investment operations, more than at any time in its history.

According to The Washington Post, most Ponzi schemes used to be relatively small, relying on word of mouth, magazine ads and direct mail.  Fraudulent schemes "generally burned out after two or three years. But through the Internet and modern communications, Ponzi schemes have grown in size, scope and sophistication." Please click here for The Washington Post article.  

Scott Middleton