I love that there is always way more “what am I going to do now?” aspect to these stories than the “ponzi scheme” part.
YOU made a bad choice. It really sucks. i feel for you.
(no bailout for YOU).
I think we will see more of these stories, and the purpose it to set up the argument that in this economic climate, it would be safer to turn over your investments to the gubmint and let them handle it for you.
They still want to confiscate our 401K’s and IRA’s.
That's right, blame the victims.
Making a well informed decision that goes south is not the same as falling for a ponzi scheme.