The Year of the Ponzi
|Scott Rothstein is allegedly South Florida'a latest Ponzi king.|
At the time, he never could have imagined how popular his trick would be. Or how, in South Florida nearly a century later, it would become the fraud de jour.
So in honor of Ponzi, here's a salute to some of the headline-grabbing schemes
that have collapsed since December 2008:
1. Bernie Madoff, the infamous Palm Beacher, ran one of the largest Ponzi schemes in history, involving an estimated $64.8 billion.
2. Scott Rothstein, the Fort Lauderdale attorney, allegedly ran a $1 billlion investment scheme.
3. Joel Steinger, whose Fort Lauderdale company Mutual Benefits Corp. exploited AIDS patients to run a life insurance scam.
4.George Theodule, formerly of Wellington, targeted fellow Haitian-Americans in a $23.4 million investment scam.
5. Abner Alabre, Brian Taglieri, and Ronnie Bass Jr., of Miramar and Jupiter, allegedly defrauded hundreds of Haitian-American investors.