The 50-million-dollar coup: iPod dizziness in Florida

The beguiling success of Apple’s MP3 player also seems to inspire others to financial flying high experience. Sometimes this inspiration is reflected however in illegal business ideas down. So even in a case from Miami, Florida, where the graduate of a local business school a large-scale fraud with iPods series organized. The investors in the apparently lucrative business have been around almost 40 million U.S. dollars to facilitate money that they never saw again.
Suppose you offer a business to them that 36 percent profit within a year guaranteed. Sounds good, right? To a report by the Miami Herald, according to Andres Leonel Pimstein went on this way, nearly 150 investors in the network. iPods for purchase should be purchased from Apple for them to Chile to sell, where they allegedly on the market would decline. They preceded Pimstein after Ponzi principle, dizziness at the first ever investors with the money paid to the following investors, without ever actually turnover is generated.
Naturally this also had pyramid scheme sooner or later in the fall. Now Pimstein held accountable and must be for 17 years in prison. It should also include about 5,540 iPods to give back, and a 138,522 U.S. dollar heavy account. The nearly 40 million U.S. dollars to help the investors but precious little.

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