John's Tech Blog

SEC Shuts Down $50M Internet Ponzi Scheme: "Joel Rothstein writes for Reuters: U.S. regulators last week charged the owner of 12dailypro.com and her two companies with fraud for running a $50 million Ponzi scheme, according to a statement released on Monday. The U.S. Securities and Exchange Commission alleged that Charis Johnson, 33, raised more than $50 million from more than 300,000 investors by convincing visitors to the Web site that" [...]