Monday, May 15, 2023

Gotta read this!!-----The Billion-Dollar Ponzi Scheme That Hooked Wall Street, Warren Buffett, and the U.S. Treasury - The Atlantic

The Billion-Dollar Ponzi Scheme That Hooked Wall Street, Warren Buffett, and the U.S. Treasury - The Atlantic
  • How a small-town auto mechanic peddling a green-energy breakthrough pulled off a massive scam - By Ariel Sabar
This article was featured in One Story to Read Today, a newsletter in which our editors recommend a single must-read from The Atlantic...
Jeff Carpoff was a good mechanic. 
But as a businessman, he struggled. 
In the two decades since high school, he’d lost one repair shop after another, filed for personal bankruptcy, and watched a lender foreclose on the small house in a California refinery town where he’d lived with his wife and two young kids
  • By 2007, he was 36, jobless, and adrift.
  • Yet there, at his life’s lowest, the remarkable happened...

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