Feds allege financial firm ran $300M Ponzi scheme to fund CEO's lavish lifestyle

The United States Securities and Exchange Commission filed a civil lawsuit Tuesday against a Georgia-based financial company and its CEO for allegedly running a $300 million Ponzi scheme.
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[@JohnHall]

10% every 90 days and you felt something MIGHT be going on?

[@Satjr35031]

Who says financial planning is not essential. What kind of. I guess they are educated would expect a 10% gain every 90 days.

[@johnjones5354]

Not to worry. They can always charge tolls on that bridge that they bought in New York. Just until their magic beans talk grows.

[@donkemp8151]

A 10% return every 90 days is only found in one place: your dreams.

[@truthmatters9594]

If it sounds to good to be true it probably is!

[@barryholiday8998]

40% returns a year!!??

[@brucenome989]

All the money is gone 😮

[@robertmalone3997]

You gotta be kidding me investing in a dry cleaning you gotta be out of your mind

[@BondServant1110]

OH that look she gave him. LOL She's pissed. HA!!!!

[@hoosierplowboy5299]

Civil only, no criminal charges? Really?!?

[@Neeeeeeeko]

Oh it’s criminal. He will be in jail for decades

[@danlowe8684]

This guy was crypto, when crypto wasn't cool.