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DOES CRIME PAY? Biden frees con-men who scammed $5 billion

Summary by NEWSRAEL
Some people lost their life savings while others lost their dreams in a $900 million fraud that was described as one of the largest Ponzi schemes in history and left behind 1 million victims. Investors in ‘Zeek’ had taken out loans and mortgages on their homes expecting to get a 125% return on their investment. Victims included the parents of a leukemia patient who were trying to pay for their daughter’s hospital visits. And while some of the mo…

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DOES CRIME PAY? Biden frees con-men who scammed $5 billion

Some people lost their life savings while others lost their dreams in a $900 million fraud that was described as one of the largest Ponzi schemes in history and left behind 1 million victims. Investors in ‘Zeek’ had taken out loans and mortgages on their homes expecting to get a 125% return on their investment. Victims included the parents of a leukemia patient who were trying to pay for their daughter’s hospital visits. And while some of the mo…

·Giv'at Shmuel, Israel
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NEWSRAEL broke the news in Giv'at Shmuel, Israel on Sunday, December 22, 2024.
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