Montana businessmen Keith Kovick and Robert Congdon once had a successful (and legitimate) mortgage brokerage operation. But when they ventured into the investment arena without being registered to sell securities in the state, things started to fall apart. $14 million later, it appears we have yet another Ponzi scheme to dish about. The full Investment News story is here. http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20091005/FREE/910059988/1094/INDaily01
