Daren Palmer

Daren Palmer of Idaho Falls, Idaho has been accused of running a Ponzi scheme that has lost an estimated $100M of investors' money. Mr. Palmer himself is not registered as investment advisers with the state regulatory agency. In typical Ponzi fashion Mr. Palmer had guaranteed at least one investor annual dividends of 25-40%. The full WSJ article can be read here.

January 19, 2009 In: People Comments (None)