SEC charges insurance agent with $1.27 million Ponzi scheme The Securities and Exchange Commission has charged James Hocker, a Bellefonte, Penn., insurance agent, with engaging in a Ponzi scheme that targeted unsophisticated retail investors. (Investment News)
"Guaranteed returns of between 10% and 30% from investments he would make on their behalf" -- heck, that's very modest performance by ET standards!
That is because us Elite Traders generate highly leveraged day trading profits. $500 to control $140,000 notional 300:1 leverage means at least 300% a year profits