- Authorities uncovered 60 alleged Ponzi schemes last year with a total $3.25 billion in investor funds — the highest amount since around the time of the Great Recession, according to new data.
- Bernard Madoff ran the largest Ponzi scheme in history, a $65 billion scam affecting thousands of investors that came to light in 2008.
- A booming stock market and de-regulatory emphasis in Washington may be leading more criminals to engage in investment fraud.
Investor money ensnared in alleged Ponzi schemes has hit its highest level in a decade, leading to concern that a booming stock market and de-regulatory agenda are pushing more fraudsters to bilk unsuspecting investors.
Greg Iacurci | CNBC