Retirees Lose Millions on 'Safe' Investment Scams

It took 27 years for Linda Aleknus to save $200,000 for her retirement ... and just a few months to lose it all. Aleknus was one of more than 120 investors who, the Securities and Exchange Commission says, fell victim to an alleged $20 million Ponzi scheme targeting retirees in California and Illinois. "It destroyed me physically, emotionally, financially," said Aleknus, 59, a former U.S. Postal Service worker from Melrose Park, Illinois. "Now I don't have have the money to go on with my...Full Story
Commenting on this article is closed.