Owners of RadioShack and Pier 1 Imports Accused in $112 Million Ponzi Scheme
Prosecutors allege the retailers’ owners orchestrated a large-scale Ponzi scheme involving $112 million in investor funds.
Summary
No Summary provided as the original text is short
Terms & Concepts
Ponzi Scheme: A fraudulent investment scam that pays returns to earlier investors using funds obtained from newer investors, rather than legitimate profits.