Wednesday, February 25, 2009

Investment Scheme Rip-off

A Hawaii businessman faces charges that he swindled deaf investors out of millions. The Feds say Marvin Cooper, who is deaf himself, took investors money through Billion Coupons, Inc through a Ponzi scheme, using the funds for personal items like a million dollar home and electronic equipment. Cooper raised nearly four-and-a-half million from seminars and Web site with promises of large gains on the foreign exchange market. Most of his 125 investors are deaf. Cooper has not yet answered to the charges and his assests have been frozen.