Ponzi scheme pair ordered to pay $11.6M

Law & Order | 206829 hits | Jul 30 11:29 am | Posted by: ThisyThat

Two Alberta men who raised $52 million through a Ponzi scheme have been ordered to “disgorge” $9.6 million in ill-gotten gains and pay penalties of nearly $2 million.

Comments

by Jabberwalker
Tue Jul 30, 2013 10:58 pm
The government's been running a Ponzi sceheme since income tax began but if a couple of private entrepreneurs try to muscle in on the action, ...
by BartSimpson
Tue Jul 30, 2013 11:27 pm
"Jabberwalker" said
The government's been running a Ponzi sceheme since income tax began but if a couple of private entrepreneurs try to muscle in on the action, ...

Old saw: Don't steal, the government hates the competition!

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