Ponzi schemes hit a 10-year high, hinting the next 'investor massacre' may be near
Authorities uncovered 60 alleged Ponzi schemes last year with a total $3.25 billion in investor funds — the highest amount since around the time of the Great Recession, according to new data.
A booming stock market and de-regulatory emphasis in Washington may be leading more criminals to engage in investment fraud.Investor money ensnared in alleged Ponzi schemes has hit its highest level in a decade, leading to concern that a booming stock market and de-regulatory agenda are pushing more fraudsters to bilk unsuspecting investors.
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