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Diamond McCarthy's Kathy Bazoian Phelps Quoted in RIA Intel Article

August 26, 2019

Diamond McCarthy Senior Counsel, Kathy Bazoian Phelps, was recently quoted in RIA Intel’s Ponzi article, “How a Massive Ponzi Scheme Fleeced RIAs, Religious Groups, and Retirees”.

The author of Ponzi-Proof Your Investments: An Investor's Guide to Avoiding the Ponzi Schemes and Other Fraudulent Scams and co-author of The Ponzi Book: A Legal Resource for Unraveling Ponzi Schemes, Phelps was approached by RIA Intel for her expertise in understanding the operations of these fraudulent scams. 

In the article, Phelps comments on how Ponzi schemes are seen as genuine opportunities to potential investors, and how, at times, they do originate as a legitimate business but often morph into a deceitful operation. She also recounts a number of “bizarre” scams she has come across in her years of practice.

To read more, click here.



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