Friday, September 3, 2010

Scam Rips off Deaf Investors

A company based in Hawaii is being ordered to pay more than $6.2 million for cheating more than 125 customers, all of whom were deaf. Marvin Cooper, who is deaf himself was charged with operating a $4 million foreign currency and commodity futures Ponzi scheme through his company, Billion Coupons. Prosecutors say Cooper lured customers with promises of up to 25% monthly returns. But he spent the funds on personal items, like a million dollar home and flying lessons.

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