Ponzi Schemes

Occasionally I have written about investment frauds. My last post on this topic was on November 27.

Here is a story from December 28 titled "Ponzi collapses nearly quadrupled in '09":

http://finance.yahoo.com/news/AP-Ponzi-collapses-nearly-apf-898755198.html?x=0&sec=topStories&pos=4&asset=&ccode

While I find this article's statistics to be of interest, I do not necessarily agree with some of its commentary.

Of course, there are many types and permutations of investment frauds, of which Ponzi schemes are just one type.


SPX at 1132.99 as this post is written