SEC Busts Up Alleged Ponzi Scheme

DENVER (CN) - Jarrod McMillin ran a Ponzi scheme he called the American Investors Network, with cohorts Laurence Young (dba Fairweather Management), Anne Liebermann and Jason Kolakowski, the SEC claims in Federal Court. McMillin took $2.3 million from 280 investors, promising monthly profits of $10,000 to $20,000 on investments of $2,000, the SEC says. But guess what? See complaint.

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