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The Madoff Fraud:Scam of the Century
A Miami-based businessman, Andres Leonel Pimstein

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iPod ponzi scheme lands 17-year prison sentence

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Within days of an arrest involving 9,000 fraudulently obtained iPods, a second iPod-related scam has surfaced, according to the Miami Herald. A Miami-based businessman, Andres Leonel Pimstein, has bee READ MORE
http://www.macnn.com/articles/09/03/23/ipod.ponzi.scheme/
Within days of an arrest involving 9,000 fraudulently obtained iPods, a second iPod-related scam has surfaced, according to the Miami Herald. A Miami-based businessman, Andres Leonel Pimstein, has been sentenced for running a $50 million investment scam at the University of Miami campus dating back to 2005. Pimstein pleaded guilty to a number of wire-fraud charges late last year, leading to a 17-year prison sentence. He must also surrender over 5,000 iPods and an investment account worth over $138,000.
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