Conservative Radio Host is One of Two Charged in $190M Ponzi Scheme

[Mister Ed]

http://www.startribune.com/business/72910037.html

2 charged with running $190M Ponzi scheme

The agencies said they had obtained emergency orders freezing the assets held by "self-proclaimed" money manager Trevor Cook, 37, of Apple Valley, and conservative radio talk show host Patrick Kiley, 71, of Burnsville...

Kiley pitched the investment on his radio show, "Follow the Money," which was broadcast in more than 200 markets and on Christian shortwave radio.

"Many of the victims are senior citizens who are unsophisticated and inexperienced in financial matters," the SEC noted in its lawsuit. "Some victims liquidated their retirement accounts to invest in Cook's and Kiley's venture."

"Follow the money", indeed.

[MineralMan]

1. Ha! Now I know why Kiley got uncerimoniously dumped from the

air suddenly. No explanation was given. He just wasn't on the show anymore. So, he's just another common con man. Typical. His politics were horrible, too.