PonziSchemes

Consumers were convinced they were making a safe real-estate investment and that they would receive an annual return of 14% to 16%. What happened instead is that the salesman made millions, while consumers lost their savings. The Utah Attorney General's Office and the U.S. Department of Commerce...

The news that Bernard Madoff was arrested Friday and charged with securities fraud in what federal prosecutors called a $50 billion Ponzi scheme should serve as a warning to anyone asked to give money with promises of getting high returns if they sign up more people. Hopefully you won't get...