Ponzi collapses nearly quadrupled in '09

Tuesday, December 29, 2009 | 12:01 a.m. CST

MIAMI — It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as fell apart in 2008, with "Ponzi" becoming a buzzword again thanks to the collapse of Bernard Madoff's $50 billion plot.

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