And now, ladies and gentlemen, I give you the John Mayer Ponzi Scheme
- Joshua M Brown
- September 9th, 2012
Aught's decade crooner and America's favorite starlet-nailing douchebag John Mayer may be the subject of a little clawback action - and I don't mean the type of clawed backs he's used to...
John Mayer has just been dragged into a lawsuit over a $100 million Ponzi scheme -- and according to the docs, the singer might be in possession of as much as $465,000 in dirty money.
Here's some background -- a massive Ponzi scheme in Seattle came crumbling down earlier this year when its mastermind, a crook named Darren Berg, was sentenced to 18 years in prison for bilking investors out of more than $100 million through his investment company.
Now, the trustees charged with recovering the lost money are trying to track down where those millions went -- and are suing everyone they can along the way in order to recover it...
I'd say "keep reading" but I'm sure I don't need to:
Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my Terms & Conditions page for a full disclaimer.blog comments powered by Disqus
The Reformed Broker is a blog about financial markets and the economy. Joshua Brown is a New York City-based investment advisor for high net worth individuals, charitable foundations, retirement plans and corporations... More.