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.[audio:http://www.wuft.org/media/audio/Schock.mp3]
Clay Electric has been working hard the past few days to restore power to an area in Bradford County near Lake Sampson. The residents have no water or electricity, and some are still unable to be in their flooded homes.