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Ponzi schemes flourishing, say investigators
BY ROBERT E. KESSLER | robert.kessler@newsday.com
8:42 PM EST, March 5, 2009
Bernard Madoff is almost a household name for the massive scam he's accused of masterminding. But Wilson James Baston? Bryant Rodriguez? Not so much.
Baston and Rodriguez are accused of being involved in two other recent Ponzi schemes in the metropolitan area that may have cost investors a total of more than $22 million, but they received little publicity.
The common nature of Ponzi schemes and the need to combat them was the point of a conference Thursday sponsored by the U.S. Postal Inspection Service in Manhattan.
Besides postal inspectors, participants included prosecutors from the Eastern District of New York and the office of New York State Attorney General Andrew Cuomo, as well as victims of some recent Ponzi schemes.
Albuquerque Lawyers , Oklahoma City Lawyers
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S.E.C. Report Details Lapses i
