Barbara Hirshfield agreed to plead guilty this week to running a $10.9M Ponzi scheme through a West Springfield loan company that had lost its license to lend in 2014. Over 200 people kept sending her checks anyway. They did not know the company they were funding was no longer allowed to make loans.
For six years, a 64-year-old Wausau man sold promissory notes with guaranteed returns to 190 neighbors and family friends. The money bought him over 300 snowmobiles. On June 13, he pleaded guilty.
By Mark Tell · Jun 15
Daily at 6AM Eastern
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Tomorrow's pitch, decoded today.
Financial crime intelligence. The patterns, the tells, the playbook. Daily at 6AM before anyone asks you for money.
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