Investors defrauded with $35 million by a Texas broker

It looks like the financial crisis seeded the ground for investor scammers. The lack of control at financial institutions give scammers the opportunity for abuse. And fast return is a strong enough incentive for every investor to fall in the trap. This is how James Temme, a Texas broker managed to raise about $35 million by defrauding investors , who thought they are investing in non-performing residential mortgages. Read more