DoJ, SEC Charge Utah Ponzi Schemer, Who Blames Obama. Thanks, Obama – ValueWalk Premium
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DoJ, SEC Charge Utah Ponzi Schemer, Who Blames Obama. Thanks, Obama

An alleged Utah Ponzi schemer, charged by the U.S. Department of Justice and Securities and Exchange Commission with fraud associated with investments in “top secret” Iraqi currency and oil contracts, has agreed to pay $1.7 million in criminal restitution and serve 36 months in prison. When confronted by investors regarding their James Bond-like investment scheme, the fraudsters blamed President Obama for investment losses.

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