WUFT News

How to avoid ponzi investment schemes

By on October 8th, 2010

Nevin Shapiro developed a Ponzi scheme in Florida and collected more than 880 million dollars over a four year period. 89.1, WUFT-FM’s Kara Van Hoose spoke with Lori Schock, the Director of Investor Education and Advocacy at the Securities and Exchange Commission. While Ponzi schemes do actually work at first, Schock says that quality makes them more dangerous and investors should always do background checks before investing.

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