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Rip-Off Alert: Ponzi scheme costs investors $8 million

The president of an investment firm is behind bars after lying to investors and stealing nearly $8 million. In tonight's Rip-Off Alert, there is information for all consumers on how to avoid getting caught up in a Ponzi scheme.

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pawpawdude - 12/20/2012 10:06 AM
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Why do you not divulge the names of either the investment firm, or the owner/individual who "stole" the money? This seems to be common to all "Rip-Off" Alerts with channel 3 (and another local channel here in town). It is a appreciated "service" to the community to provide the generic warning, but it would be far more informative to learn of the businesses and inviduals involved.
worromot - 12/20/2012 7:54 AM
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It amazes me, you spend your whole life saving for retirement and in one greedy, stupid and dumb moment you decide that you need more. I would never believe the word of anyone dealing with investments but myself.


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