150 ponzi schemes were reported in 2009 compared to only 40 in 2008. These schemes cost investors over $16.5 billion. African American churchgoers lost millions in this ponzi scheme.
Ponzi Schemes increased 400% from 2008 to 2009
By Team Afro on Fri, 06/08/2012 - 12:33
source:
Securities and Exchange commission (SEC)








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