Sunday, December 8, 2013

FBI Undercover Agents Uncover Billion-Dollar Investment Fraud Scheme

The FBI released information regarding a billion-dollar investment fraud scheme.

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. And last month, the last three members of this group of con artists were sentenced to federal prison for their role in this scam. Several co-conspirators have previously pled guilty.

You can read the rest of the piece via the below link: 

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