MSNBC reports:
“In reality, however, the companies were merely vehicles for Hsu’s Ponzi scheme, in which money owed as returns to older investors was paid with money received from newer investors, and Hsu never invested the money in the manner he represented to his victims,” prosecutors alleged.
Sounds like Social Security. When are Congress and the President going to be charged for forcing every working American to take part in a huge national Ponzi scheme? I guess we’re a long way from that.
