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View Full Version : SEC Sues in $80 Million Ponzi Scheme Targeting Korean-Americans - Bloomberg



NewsWhore
06-09-2009, 05:40 PM
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SEC Sues in $80 Million Ponzi Scheme Targeting Korean-Americans (http://news.google.com/news/url?sa=T&ct=us/1-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601087%26sid%3DahaXIGHfMioY&cid=1258152971&ei=Y8suSrqkEMudlQf7qrnKBQ&usg=AFQjCNFwsQocgw4tw_ymG2jmVkfnetMzZQ)
Bloomberg
“Son told investors that one of his companies was operating a foreign currency trading program and making 50 annual returns every year since 2003,” Eme said. “We found no evidence of any substantial forex trading.” In a Ponzi scheme, such as Bernard ...


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