Archive for June 27th, 2011

Affinity-Fraud Victim, 72, Tells Newspaper He ‘Won’t Trust Anybody’ For The Rest Of His Life; Ohio Real-Estate Ponzi Scheme That Spread By Word-Of-Mouth Was Discovered After Suicide Of Church ‘Praise Band’ Member

Affinity-Fraud Victim, 72, Tells Newspaper He 'Won't Trust Anybody' For The Rest Of His Life; Ohio Real-Estate Ponzi Scheme That Spread By Word-Of-Mouth Was Discovered After Suicide Of Church 'Praise Band' Member

UPDATED 9:47 A.M. EDT (U.S.A.) A 72-year-old man and his 60-year-old wife built up a $400,000 retirement nest egg through hard work over decades at a cosmetics factory — only to see it consumed in a real-estate Ponzi scheme operated by two church members, including one who killed himself when the scheme was unraveling, the […]