Gromer Jeffers of the Dallas Morning News has written a story that is fascinating indeed: four Republican lawmakers–all Christian conservatives–have fallen prey to what they claim is a Ponzi scheme orchestrated by a McKinney businessman who once claimed to have discovered Noah’s Ark. The politicians involved (Ken Paxton,…
Ponzi schemes
The Ponzi schemer's personal effects, brought in from his St. Croix residence, fill some 10,000 square feet of a warehouse.
The billionaire, convicted in March of running a $7 billion Ponzi scheme, faced up to 230 years in prison.
The Houston financier was found guilty of orchestrating a multibillion dollar Ponzi scheme and now faces a life sentence for his crimes.
Houston's own mini-Madoff, who is accused of orchestrating an international $7 billion Ponzi scheme, finally goes to court.