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An America drowning in red ink is the land of the free no more
Topic - Ricardo Bonilla Rojas
Even after the collapse of Wall Street financier Bernard L. Madoff in 2009, investors are still learning the hard way that if it sounds to good to be true, it probably is, with the Securities and Exchange Commission cracking down on a growing number of Ponzi schemes in the years since Madoff's financial empire collapsed.
Mr. Rojas, who said he would spend the money in commodities but never did, promised investors up to 50 percent returns that were "100% guaranteed."