Fraud

AP: 2009 Was The Year Of The Collapsing Ponzi Scheme

Justin Elliott | December 28, 2009, 6:07PM

Bernie Madoff, Scott Rothstein, and Allen Stanford

Over 150 Ponzi schemes collapsed this year, up from just 40 last year, according to a new and, for TPMmuckraker readers, totally unsurprising tally by the AP.

The wire service reports:

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