senior citizens
PP Blog Tag archives on references to "senior citizens."
Senior Citizen Guilty In Michigan Ponzi Scheme; Feds Say Richard Taft Johnson Sold ‘Charitable’ Program To Fellow Seniors, Duping Them Into Ruin
Both state and federal prosecutors in Michigan have been attacking Ponzi schemers and affinity fraudsters. Yesterday the office of Michigan Attorney General Mike Cox charged three men with racketeering for their roles in an alleged time-share Ponzi scheme targeted at senior citizens. In a separate Michigan case, federal prosecutors have announced the guilty plea of […]
LETTER TO READERS: Senior Citizens, The Culture Of Ponzi Schemes — And America’s Longing For A Return To The Age Of ‘Blue Light’ Specials, The Age Of Innocence
Dear Readers, From time to time I publish a post in letter form. This usually happens when a post in story, editorial or essay form does not seem appropriate. This is one of those times. Honestly, just how strange could things get in Ponzi Land? Ponzi Land, which relatively few people outside of law enforcement […]
Bowdoin/Madoff Comparison: Is It Fair?
Last night we received a note from a reader who had a bone to pick: He advised us, seemingly politely, that ASD was not an “autosurf.” Rather, he said, it was a “manual surf.” There was a whiff of passive-aggressiveness in the note: He informed us that he did not desire to “address your blog” […]
Senior Citizens Dominate Ponzi Headlines
BLOG UPDATE 10:02 P.M. EST (U.S.A.): This post has been updated with information on Ronald Keith Owens, 73, who was just sentenced to 60 years in prison for running a “prime bank” Ponzi scheme promising huge returns out of the Bahamas. See update at bottom of post. Here, directly below, our earlier post . . […]