Suit Accuses Broker of Running Ponzi Scheme 777

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A Florida family has filed a lawsuit against a local real estate broker, accusing him of running a “massive Ponzi scheme” and seeking $4 million in damages. San-Diego-Auto-Accident-lawyer The lawsuit claims the broker touted himself as “an investment adviser able to generate average profits of 20 percent a year, using clients’ money to purchase and sell stocks,” but he refused to give investors their money back upon request. The lawsuit also claims the investor used customer money to cover personal expenses.  Jon Burstein, Orlando Sentinel  02/20/2012  San Diego personal injury attorney

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