Worldwide Ty breaks down a six-year fraud scheme that pulled in $600 million from investors. The perpetrator took $1.5 million from someone named Todd, failed to pay anyone back, got reported to the FBI, and landed a 20-year sentence.
About six years.
$1.5 million.
Approximately $600 million (described as 'upwards of $600 million').
20 years.
A 49% return (referred to as 'a 49% return on that').
He was able to do this for six years, but then he wasn't able to get new investors to pay the old investors. So now people looking for their money. Todd man gave him $1.5 million. So now he's a 49% return on that. Couldn't, could not find someone to scam. So once the old investors realized they weren't getting their money, they called the FBI. The FBI came in, he got 20 years. How much money did he scam them out of? They said overall it was somewhere in the upwards of $600 million.
