Investing in a Ponzi Scheme

Today on the show, the $500 million alleged Ponzi scheme that preyed on Mormons.

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Las Vegas investigative reporter Jeff German was killed outside his home in September; a Clark County official he had investigated is charged in his death. To continue German’s work, The Washington Post teamed up with his newspaper, the Las Vegas Review-Journal, to complete one of the stories he’d planned to pursue before he was killed. A folder on German’s desk contained court documents he’d started to gather about an alleged Ponzi scheme that preyed upon hundreds of people — many of them Mormon — over the course of five years. Post reporter Lizzie Johnson began investigating. Today on Post Reports, we look at how more than 900 people invested an estimated total of $500 million into an alleged Ponzi scheme, and why the men who allegedly ran this operation are still walking free.