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Regulatory

Ponzi scheme rakes in almost $1.5bn

BY HARRISON WORLEY | TUESDAY, 28 JAN 2020 12:16PM

A California-based couple has been charged by the US Securities and Exchange Commission for allegedly running a Ponzi scheme worth just under $1.5 billion (USD$1billion).

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Read more: SEC, Carpoffs, Ponzi, Daniel Michael, Paulette Carpoff, US Attorney

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