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July 12, 2010

Hundreds of FBI, DEA and ICE Agents Fall Victim to Ponzi Scheme

Hundreds of FBI, DEA and ICE Agents Fall Victim to Ponzi Scheme – Tickle the Wire

FBI agents are supposed to unearth scams, not become victims of them. This time is different.

Some 300 retired and current federal agents — representing the FBI, the Drug Enforcement Administration and Immigration and Customs Enforcement — collectively invested tens of millions of dollars of retirement money in what turned out to be a Ponzi scheme allegedly run by a Florida man who committed suicide last month, an attorney in the case said.

The FBI and the Securities and Exchange Commission are now investigating and trying to recover funds.

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  • Matthew Foosaner

    Another unfortunate example of the administration's policies impacting the ability of individual federal agencies from focusing on their core mission…oh wait maybe NASA would be better suited to lead the Gulf Oil Spill clean up since they have a better view of it from space then the Coasties…

  • Chris Battle

    I understand NASA's next goal is to make the Chinese feel good about their birth control strategies.

  • gzpa

    Bolden should be transferred to Voice of America where at least both the sender and receiver acknowledge that propoganda is propoganda!