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bikeexpert · 1541 days ago · link · · parent · post: A couple pleaded guilty to scamming Warren Buffett as part of a $1 billion Ponzi scheme
>the California-based business only made a fraction of the 17,000 generators it claimed to have built, and paid back old investors with new investors' money. I have some uncles that use the same stupid scheme. Of course, at a waaaay lower level. They never have money so they borrow from friends and family and give the money back, you guessed it by borrowing from other friends and family.