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Ponzi 401(k)

05/26/2009 05:12 am ET | Updated May 25, 2011

Need to boost your retirement income?

The Ponzi schemes keep coming. I just noticed that an 82-year-old man orchestrated a $17 million fraud in Buffalo. He ran ads, according to The Buffalo News, that proclaimed, "Earn more, worry less."

It appears the fraudster's basic needs will be covered: shelter, three square meals a day, and medical care. He's headed for prison. Nothing like retirement in the big house.

I wonder if there's a shuffleboard court next to the weight machines.

www.acrimoney.com

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