United States Virginia change
Sri Lanka Breaking News
Sri Lanka parliament
vivalankaSri Lanka newsSri Lanka businessSri Lanka sportsSri Lanka technologySri Lanka travelSri Lanka videosSri Lanka eventssinhala newstamil newsSri Lanka business directory
vivalanka advertising
Stay Connected
Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

Sinking economy leaves con men exposed

Sep 18, 2010 12:38:00 AM - chicagotribune.com
'White-collar psychopaths' can't pay off old investors when new money dries up

Mount Prospect businessman Frank Castaldi ran a Ponzi scheme for more than two decades, making regular payouts to clients who were expecting returns of 10 percent or more with money from new investors. But in 2008, the house of cards finally came crashing down as a deepening recession threatened to expose his scam.

USA, Illinois: (Latest Stories)