Ponzi Schemes Go Green

Courtesy Digg - Business & Finance  Tue, 11/17/2009 - 09:10

Federal regulators have accused four people and two companies of using bogus claims about “green initiatives” to entice more than 300 investors into what was really a $30 million Ponzi scheme.

“The only green these promoters seemed interested in was investors’ money,” said Don Hoerl, director of the commission’s Denver office.


 

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