Suppose you put $10,000 into an account with an investment advisor who promises to double your money every year. Two years later your account statement says you’ve got $33,000, so you happily withdraw $5,000. It seems too good to be true, and that’s what it turns out to be. When you try to withdraw $10,000 more, your advisor sends you a check that bounces. The next thing you know, he’s being led off in handcuffs by the feds for running a Ponzi scheme. Read more in the L.A. Times here…
