Phantom ATMs Reap $80 Million

Investors expecting revenue from ATM fees were sorely disappointed following a possible Ponzi scheme. Two suspects involved in the case are accused of wire fraud. Their alleged victims were promised income from the machines stationed in retail locations throughout the U.S. The surprise was that there were no ATMs. Transaction incomplete. See the Investment News story here. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20090921/FREE/909219994/1094/INDaily01

September 23, 2009 In: Uncategorized Comments (None)