Consumer Reports Money & Shopping Blog: Madoff's 150-year sentence doesn't mean the end of financial scams

June 29, 2009

Madoff's 150-year sentence doesn't mean the end of financial scams

Unless you were among his many victims, you might think the 150-year sentence Bernie Madoff received today would put an end to big investment frauds on Wall Street.

But sadly Madoff is not the only swindler out there who would be happy to part you from your cash. One recent reminder: the indictment of R. Allen Stanford, the Texas financier who pleaded innocent last Thursday to federal criminal charges of stealing $7 billion in an international Ponzi scheme.

Check out who is likely to be taken by a scamster, and the details on investment schemes and how to avoid being ensnared by them.–Mandy Walker

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