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Former math teacher is accused of scamming investors

There are many different factors that you have to think about when you are selling items to make money. It is imperative that you take the time to evaluate how the things you are doing will be perceived by others.

Recently, a former teacher was accused of running a Ponzi scheme. The issue started when he was selling his students tickets to see the Dave Matthews Band. The issue here is that the tickets he was selling were actually free.

The man, who happens to be the CEO of, has been accused of running a scheme through this company. The feds allege that he conned companies into backing up his schemes, which included tickets to the US Open, the Super Bowl, Adele, Hamilton and others.

The man acknowledges that he was robbing Peter to pay Paul. He admitted to investors what he was doing. This is the basis of the accusations that are being made against him.

His admission of what he was doing is said to have been in an effort to get even more money from these investors. He was grasping at straws to try to get the financial matters covered.

Another issue that is present in this case is that the man was falsifying documents. He was using Photoshop to do this. During a meeting, he was secretly recorded admitting to this point in the case.

In cases like this one, it is imperative that defendants work hard on their case. The federal government doesn't pursue charges like this unless they have accumulated considerable evidence against the person who they are accusing.

Source: New York Post, "Feds accuse former math teacher of being Ponzi scheme mastermind," Kaja Whitehouse, accessed July 21, 2017

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