Florida Gulf Coast: A Ponzi Haven?

Herald Tribune:

The list of failed Southwest Florida investments keeps getting longer.

Arthur G. Nadel faces 15 federal counts in an alleged scheme that cost investors nearly $400 million. Beau Diamond has been hit with wire fraud and money laundering charges, accused of preying on Sarasota's New Age community. John and Marian Morgan have traded their bayfront mansion for Sri Lankan jail cells while awaiting indictment over an alleged get-rich-quick prime bank scheme.

Read the whole story: Herald Tribune

Comments

[angryliberaluser]

If no justice is served the American People are going to get more restless, and the next time something happens.....there could be real UNREST! WE have to hold people accountable for their actions.

hat tip to: http://www.iamned.com

Ignorance = Negligence....... They knew what was going on the whole time, all the while padding their pockets. The U.S. crony-Capitalist justice system is a f**king joke. There must be some way we can outsource for justice against these criminals.

[Layman23]

Not to mention the Ponzi election that took place in 2000, that decided the decider.

[canuck99]

Lots of seniors with money; that's where the con men go.

[yappnmutt]

so it moved from miami to ft. lauderdale to boca raton to the gulf coast. what do you expect? its florida, where the strange, and deviant is normal.

[Dailypolitics55]

this market does nothing but go up every day, week ,and month

good articles 4 slow news day: http://www.iamned.com