EDITOR’S NOTE: Here is some recommended reading. Be prepared to be shocked. We will provide an introduction to the stories, but only a brief one.
Edna Coulic killed herself, worn down by the pressures of trying to get her money back from a Ponzi scheme, her family told the Calgary Herald.
The Royal Canadian Mounted Police and other authorities in America’s neighbor to the north are investigating the Ponzi case against Milowe Brost and Gary Sorenson.
We recommend that you read the comprehensive report in the Calgary Herald and view the videos the newspaper has posted.
Gold and silver production have played a prominent role in the case. Investors were shown bars being manufactured, but authorities said the scheme collapsed and investors were not paid.
Some U.S-based Ponzi schemes, including autosurf Ponzi schemes, have members linked to movements involving the purported production of gold and silver or the desire to trade in gold in silver, as opposed to paper currency.
Meanwhile, Shanghai Daily is reporting that a citizen of China has been sentenced to death for perpetrating a Ponzi scheme. The story, which appears to be based on on a report that originated with a government-run news service, could not immediately be confirmed independently.
But the story suggests that China is prepared to put Ponzi promoters to death for grand-scale fleecings of the population. Fraud laws and punishments vary from country to country.
In July 2008, a U.S.-based autosurf known as Golden Panda Ad Builder launched. It was described as the so-called “Chinese” option for members of AdSurfDaily. Federal prosecutors in the United States seized the assets of both Golden Panda and ASD in August 2008.
ASD also had a “Spanish” option known as LaFuenteDinero, “the fountain of money.”