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Billion-Dollar Investment Fraud Uncovered

For a group of financial fraudsters, it seemed like the ultimate get in an investment scam—a victim willing to hand over $1 billion. However, like victims of financial scams everywhere, these criminals should have paid more attention to the “if it sounds too good to be true, it probably is” adage—the wealthy “victim” in this case was actually an undercover FBI agent.

Billion-Dollar Investment Fraud Uncovered

Silhouette of peopleFor a group of financial fraudsters, it seemed like the ultimate get in an investment scam—a victim willing to hand over $1 billion.

However, like victims of financial scams everywhere, these criminals should have paid more attention to the “if it sounds too good to be true, it probably is” adage—the wealthy “victim” in this case was actually an undercover FBI agent. And last month, the last three members of this group of con artists were sentenced to federal prison for their role in this scam.

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Dec 06, 2013 03:00 PM