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The Latest In Ponzi Schemes: Pretend You Know George Soros

A woman in New Jersey allegedly scammed investors by telling them that George Soros (yes, that Soros) would be managing their assets. Prosecutors in Bergen County are pressing criminal charges against a woman who they say launched a Ponzi scheme in late 2005, and soliciting investors into a hedge fund that she claimed was handled by legendary hedge fund manager, George Soros. She collected about $450,000 from investors telling them that the hedge fund was allocating assets in the pharmaceutical sector. The woman, Dunya Predovan, apparently told the investors that she had worked for Soros in the 1980s. Read Forbes report here.

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