U.S. money managers accused of $550 million fraud

[Richard Warren]

Another scheme exposed. It’s hard to keep track of these things but we are going to see a lot more of them. The economic downturn is exposing them because the scammers are unable to keep them going. This one would be huge if the Madoff scheme didn’t dwarf it by comparison.

http://news.yahoo.com/s/nm/20090225/us_nm/us_wgtrading

:cool: