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Friends With Mutual Benefits | The Mother of All Florida Ponzi Schemes
Description
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REFERENCES
CNBC’s American Greed Episode: “Friends Without Benefits”
https://www.cnbc.com/video/2015/10/19/american-greed-friends-without-benefits.html
MBC’s Wikipedia: https://en.wikipedia.org/wiki/Mutual_Benefits_Corporation
Viatical Settlements: https://en.wikipedia.org/wiki/Viatical_settlement
U.S. SECURITIES AND EXCHANGE COMMISSION Litigation Release No. 18698 / May 6, 2004
https://www.sec.gov/litigation/litreleases/lr18698.htm
2020 ACFE Report to the Nations: https://www.acfe.com/report-to-the-nations/2020/
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
CASE NO. 04-60573-CIV-MORENO/SIMONTON https://www.sec.gov/litigation/complaints/comp19274.pdf
South Florida Mastermind of $1 billion-plus swindle sentenced …
https://www.miamiherald.com/news/local/community/miami-dade/article1984194.html
Great frauds in history: Joel Steinger and the Mutual Benefits Corporation
Former Mutual Benefits Corporation Head Sentenced To 20 Years In Prison For His Role In $1 Billion MBC Scheme
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