Investments in Ponzi Schemes <br />Reaches Highest Level Since 2010 According to CNBC, <br />60 alleged Ponzi schemes <br />were discovered in 2019. Investments in them <br />totaled $3.25 billion, the <br />largest amount since 2010. Ponzitracker adds that figure is more than twice the <br />amount of 2018's invested ponzi scheme money. Investment fraud attorney Andrew Stoltmann <br />says current investors are lowering their <br />defenses for a couple reasons. One is the stock market's recently strong track record<br />and another is federal deregulations. He adds that it's not as bad as 2008, when <br />40 schemes were uncovered with $23 billion invested. Stoltmann still warns that <br />an "investor massacre" <br />could be on the horizon. Andrew Stoltmann, via CNBC Bernie Madoff's $65 billion ponzi scheme was <br />also discovered in 2008, the biggest in history.
