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Memories of Madoff: New Ponzi scheme may have put $2.2 billion at risk – 6 February 2021

New York money management firm GPB Capital Holdings’ chief David Gentile was indicted for allegedly taking part in a Ponzi-like scheme that defrauded thousands of investors across the country and that regulators say may have put more than $US1.7 billion ($2.2 billion) at risk.

https://www.theage.com.au/business/markets/memories-of-madoff-new-ponzi-scheme-may-have-put-2-2-billion-at-risk-20210205-p56zwd.html