Ponzi schemes hit highest level in a decade, hinting next ‘investor massacre’ may be near 

Greg Iacurci | CNBC | Feb 11th, 2020
Category: Financial News

  • 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.

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