Investment Swindler Gordon A. Driver Gets Humongous Bill For Ponzi Scam

Makes me a bit dubious when told those folks got their money because of their brains. They don't like it when told that their success likely has more than a little bit to do with luck.

I know what you're thinking. A remorseless white collar criminal steals $14 million and never got arrested or spent a minute in jail or an hour in prison. How does that happen?

There was a hearing at the Ontario Securities Commission of Canada over a year ago regarding this case.  That hearing revealed that out of the 14 million dollars collected, 3 million was lost on the market, over 9 million was returned to investors before the CFTC stepped in.  There was also charges to a third party for collecting 1.4 million, with testimony from an individual who admitted to all of the elements of extortion and blackmail of Gordon Driver.  There were also broker statements presented that reflected over a 60% return during a period of four months generated from the custom trading software, that Gordon Driver designed, just prior to the CFTC stepping in.  Just some other facts to consider.

I overheard some asshat pitching a ponzi scheme in my neighborhood:  Min. $50k investment; all principal returned in 6 months, and a yearly return of 15%.  Why do people fall for this stuff?  And to answer the question of "How does that happen?"  Well, the judge probably feels if you're stupid enough to fall for this nonsense, then you get what you deserve.