Andres Pimstein is under investigation by the FBI for running an alleged ponzi scheme using facilities at the University of Miami in Florida. His company, Bottom Line, promised investors a quick turn around at a rate of return as high as 18 percent.CNN.com: Florida university used... (August 20, 2008)
Andres Pimstein News and Commentary
CNN.com: Florida university used in massive Ponzi scheme (August 20, 2008)
<iframe src="http://www.cnn.com/video/savp/evp/?loc=dom&vid=/video/crime/2008/08/20/pkg.ponzi.scheme.miami.boudreau.cnn" height="393" width="406" allowtransparency="true" frameborder="0" scrolling="no"></iframe> CNN Special Inestigations Unit: Con Man on Campus? (August 20, 2008)
Michael Gowin's Blog: Get Rich Slowly or Go Broke Quickly? (August 20, 2008)
Ponzi Scheme Information
- Mahalo's Guide to Ponzi Scheme
- U.S. Securities and Exchange Commission: "Ponzi" Schemes
- Wikipedia: Ponzi Scheme
References
Fast Facts
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Age as of August 2008
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Held a joint bank account with University of Miami's director of contract administration, Alan WeberCNN.com: Florida university used... (August 20, 2008)
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Investor meetings were held in campus conference roomsCNN.com: Florida university used... (August 20, 2008)
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Pimstein admitted to running the ponzi scheme during police interviewCNN.com: Florida university used... (August 20, 2008)
