Clients' money was diverted into property that has turned out to be a good investment
Mon, Aug 10, 2015 - 5:50 AM
YOU MAY GET YOUR MONEY BACK: The Panoramic View was such a good investment that now, two years after the Ponzi scheme masterminds were arrested, the investors stand a chance of recouping some of their money - a rarity in fraud cases.
Montauk, New York
WITH the ocean roaring in front of them, guests relaxed under white umbrellas on a recent summer afternoon here. Stacked against a hill behind them were the villas and cottages of the Panoramic View, the beneficiary of one of the most audacious frauds in Long Island...