BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

Supermarket Coupon Tycoon Accused Of Bilking Clients Out Of $250M

For years, Chris Balsiger ran the nation's biggest clearinghouse of discount coupons redeemed by consumers at supermarkets. But he still didn't care too much for the industry.

"It's a lying, cheating, dirty business," he says.

Now the 54-year-old multimillionaire is facing a 27-count federal indictment, charged with leading a scheme that bilked some of the nation's largest coupon-issuers out of at least $250 million. He denies the charges.

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