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The Top Scams of the Year

The top scams of 2009 according to the BBB:

Acai Supplements and Other “Free” Trial Offers - Ads offering trial offers for teeth whiteners, acai anti-aging pills and other miracle supplements blanket the Internet.

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Bernie Madoff Transferred to Hospital

Do we really care if this guy is sick? Wouldn't it be something if he suffered a painful prison stay? After all the money he stole from people!!

Will those people get any of their money back?

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Ponzi Scheme Uncovered in Snoqualmie

The flashy video on the Web site for Regenesis 2x2 shows happy jet-setters cavorting in a pool, thanks to a "global, all-star team" in a gleaming boardroom that has worked out an innovative new program for "your financial freedom."

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Vijay Singh and Stanford Financial Still Partners Despite Ponzi Scheme Accusation

Did you guys see Vijay Singh this past week wearing that Stanford Financial gear! I guess Stanford Financial is still sponsoring him even though they are now an accused Ponzi Scheme! What the heck are they going to do if found guilty? Will Vijay have to sue them to get his payment for wearing their clothing and carrying the golfbag with their logo on it?

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How to Identify a Ponzi Scheme

The SEC charged Aurora, Colorado businessman Shawn Merriman and his company Market Street Advisors with fraudulently obtaining $17 million to $20 million from at least 38 investors in Colorado, Utah, and Minnesota to support a luxurious lifestyle. One investor did not even know he was involved in a Ponzi scheme until Merriman called him to notify him of the losses.

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