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]
Two fatal shootings that took place four days and two blocks apart this week in downtown Gainesville are under investigation.