IF YOU THINK THAT YOU COULD NEVER BE CAUGHT IN A PONZI SCHEME…

I wish that I had a nickel for every time in the past almost 29 years of practicing law someone came to see me complaining that they had been the victim of a fraud. The old adage: “If it sounds too good to be true, it is!” applies more than ever now.Ponzi schemes are not only run by big criminals like Madoff, but by small time crooks as well. Just because the person who approaches you appears to be a highly devout and religious person, doesn’t mean that he or she isn’t scamming you. Here’s a link to an excellent article that was in the Washington Post the other day:

http://www.washingtonpost.com/business/beware-the-ponzi-schemer-next-door/2011/05/03/AFdz8e8F_story.html?tid=wp_ipad