$600M Ponzi Scheme Devastates N.C. Town

[DonViejo]

LEXINGTON, N.C. (AP) — In the hardware store on South Main Street, the owner pulled Caron Myers aside to tell her about the best thing to happen in years to this once-thriving furniture and textile town.

Did she hear about the online company ZeekRewards? For a small investment, she could make a fortune. He had invested. So had his grandsons. And so were more and more people in Lexington, including doctors, lawyers and accountants.

Skeptical at first, Myers drove a few blocks to the company's one-story, red-brick office and spotted a line of people circling the building. She was sold, and plunked down several thousand dollars. But months later, Myers, like hundreds of thousands of others, discovered the truth: ZeekRewards was a scam.

"I was duped," Meyer said. "We trusted this man. The community is still in shock."

more:
http://www.usatoday.com/story/money/business/2013/03/30/authorities-600m-scheme-incubated-nc-town/2037975/

[1-Old-Man]

1. $600~$800 million and no one charged with anything.

But god help a black man with a $100 rock in his pocket.

[Logical]

3. Or steals $100 from someone else. n-t

[LAGC]

2. I don't know who should be held criminally accountable.

The guy running the Ponzi scheme, the government for failing to intervene when repeatedly warned, or all the IDIOT investors who thought they could turn 125 percent profit every 90 days and still figure everything was on the up-and-up.

Morons.