Friday, October 23, 2009

U.S. v. Van Alstyne (9th Cir. - Oct. 22, 2009)

It's a sad commentary on recent financial debacles that my principal reaction to this case was: "What?! You ran a Ponzi scheme and only defrauded 450 (mostly elderly) investors of a measly $10 million?! Chump change."

Such small multi-million dollar Ponzi schemes were (as here) so 1990s.