Ponzi Schemes seem to be everywhere in a down-turned market. I thought perhaps people might use this thread to report Ponzi Schemes both big and small from around the country.
This is an interesting one, reported by MSNBC (USA). It seems a daughter was a hero in turning her own mother in to the authorities for running a church-based Ponzi Scheme which had fleeced people of $50 Million.
I am in awe of the daughter's courage but imagine after 'Dear Ol' Mom' gets out of the slammer those family reunions are going to be a bit sticky...