The High Life Has a Downside

Advisor Sean Healy is sorely disappointed to learn that the Ponzi party is over. According to the SEC, Healy used approximately $20 million he acquired through a Ponzi scheme to satisfy every whim. A fancy home in Florida, a vast collection of luxury automobilies, fine jewelry, and more. With a 55-count federal indictment on the horizon, Mr. Healy could be looking forward to a modest cell, three squares, and a one-size-fits-all jumpsuit. Investment News has the details here. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091016/FREE/910169982/1094/INDaily01

October 19, 2009 In: Uncategorized Comments (None)