The Biggest Ponzi Scheme in History

In 2008, Bernie Madoff was arrested for defrauding investors out of an estimated $17 to $20 billion. A few years ago, a woman named Johanna Garcia started a company that promised investors a 10% return on their money in a year. This also turned out to be a Ponzi scheme. Before her arrest, she described herself as mother Teresa because of how many small businesses she had helped.

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