'We grow money a million times faster than Warren Buffett': The SEC brought fraud charges against a pair of over-70s running a $30 million scheme that promised ridiculous returns to investors
Two men in their 70s told investors their sports-betting system could deliver far better returns than Warren Buffett, when in fact they were running a $30 million fraud,"The King – Warren Buffett – takes more than six years to triple an investor's funds," Thomas Becker told one investor."We triple money in less than 6 months."
"The King – Warren Buffett – takes more than six years to triple an investor's funds," Becker told an investor in an email in January 2017, the agency said."We triple money in less than 6 months." Becker and Thomas used at most $4.4 million, or 15% of the $29.5 million they took from investors, to place bets, the complaint alleges.
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