A man, a plan, a scam

A man, a plan, a scam

Herald investigation pulls back curtain on Durangoan’s worldwide scheme
Ar 130209902
Ar 130209902
Ep 130209902
Baker
In this series

Today: Fred Baker is serving time for his part in a Ponzi scheme, but he was just one player in a worldwide network of fraud.

Monday: Four mysterious $100,000 checks to Baker’s victims coincide with another fraud case in...

Read More Hide
Related Stories
For a Ponzi payout, call the tooth fairy
After the scheme collapses, scammers recede into shadows
Scammers often earn victims’ trust through shared hopes, dreams, beliefs
A century of Ponzi schemes

Ponzi schemes are named for Charles Ponzi, an Italian immigrant who ran a scam that was the talk of Boston in 1920.

Ponzi began his scheme when he discovered international reply coupons – a voucher purchased in one country that is...

Read More Hide
Reader Comments
click here to add your event
Durango ~ Events
click here to add your event
Durango ~ Events