SEC Pursues Ponzi Scheme Targeting Haitian-Americans

While there's been much focus on the rich victims of an alleged $50 billion scam wrought by Wall Street fund manager Bernard Madoff, federal securities investigators have quietly moved on another suspected Ponzi scheme, much smaller in scope but similarly devastating. Attorneys for investors claim that the network branched out across several states, targeting people with little investment experience and few assets. Attorney Jared Levy estimates the losses could exceed $100 million.