Most investors who put money into Bernard Madoff’s funds over the decades he was in business came up losers when the house of cards collapsed. Some, however, lost more than others. According to a new court filing, about half of the investors who had accounts in Madoff’s Ponzi scheme at the time it was shut down didn’t actually lose any of the original principal they put into the funds.
Here’s one more reason to avoid mystery shopping scams: you could be the one who ends up in jail. A woman in Minnesota answered a “mystery shopper” email (that she found in her spam folder, sigh) and signed up. It turned out to be the old check fraud scam—they sent her a $2700 check and told her to deposit it and keep $300 a payment, then use the rest to make mystery shopper purchases. She took the check to her bank, and her bank called the police.