Brooklyn's Madoff / Corrupted Software

May 29, 2013 on CNBC at 10:00 PM

Summary

(1) Philip Barry runs his scam from Bay Ridge, a solid working-class neighborhood where families go back generations. Through local connections, Barry pulls more than 800 investors into a $40 million scheme offering "guaranteed returns" on investment... (more)s. (2) In Chicago, Kevin Carney claims to have invented a new stock trading computer program that can produce high returns. In truth, it's a Ponzi scheme that nets $19 million.

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