The author, a mother of nine children in Madison, Wisconsin, is the victim of an international Ponzi scheme masterminded by Trevor Cook, a Minneapolis trader who bilked over 1,000 investors out of millions of dollars."
Hat tip to Jeff Meyerson.
Tuesday, June 29, 2010
Ponzi Update
Ponzi Scheme Wipes Out Oprah Book Club Author Jacquelyn Mitchard: "Jacquelyn Mitchard, author of the best-selling novel 'The Deep End of the Ocean,' says she has been virtually wiped out by a $190 million Ponzi scheme.
The author, a mother of nine children in Madison, Wisconsin, is the victim of an international Ponzi scheme masterminded by Trevor Cook, a Minneapolis trader who bilked over 1,000 investors out of millions of dollars."
The author, a mother of nine children in Madison, Wisconsin, is the victim of an international Ponzi scheme masterminded by Trevor Cook, a Minneapolis trader who bilked over 1,000 investors out of millions of dollars."
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2 comments:
Yikes. She is a nice lady too.
It's pretty sad, but also too bad that she put all her eggs in that one investment basket.
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