View Full Version : Celebrities hit by 'Madoff' style Ponzi sting

07-20-2009, 01:59 AM
Celebrities hit by 80m 'Madoff' Ponzi sting in the UK

By Daily Mail Reporter (http://www.dailymail.co.uk/home/search.html?s=y&authornamef=Daily+Mail+Reporter)
Last updated at 2:05 AM on 20th July 2009

A pop star, a TV actress and top sportsmen are among hundreds of victims of an 80million Bernard Madoff-style scam, it emerged last night.

Detectives believe at least 600 investors were duped in one of the biggest Ponzi frauds uncovered in the UK.

Many lost huge sums and have been declared bankrupt. Others have lost their homes.

http://i.dailymail.co.uk/i/pix/2009/07/19/article-1200647-030ABED2000005DC-960_468x286.jpg Ponzi scheme: Fleets of expensive luxury cars were seized in the police crackdown after at least 600 investors were duped (file picture)

The Ferrari-driving fraudsters are said to have wooed clients at plush sports clubs and upmarket bars, targeting celebrities in a con that was so convincing that some of the victims still refuse to accept they have been ripped off.

Police were anxious to keep the names of the high-profile victims secret last night as some have yet to learn they have been duped.

Read more: http://www.dailymail.co.uk/news/article-1200647/Celebrities-sports-stars-600-victims-80m-Madoff-Ponzi-fraud-UK.html;jsessionid=053653F4D1FFC09B478BAD0125241CA F#ixzz0LlxdnWE0

07-20-2009, 05:44 PM
Release the names and let the schadenfreude begin.

07-20-2009, 06:07 PM
If you do not know that you have been duped by now, you must be living in la la land.