Tom Spurgeon's Web site of comics news, reviews, interviews and commentary











January 28, 2010


Chicago Area “Comics Investment” Ponzi Scheme Comes To Light, Charges Made

A bunch of the Chicago area news sources are running a story about a Chicago-area Ponzi scheme run by two ex-cons that, in the kind of "sign of the times" that all news sources love -- involved as one of its schemes the supposed sale of comics-related properties into film. So basically they were getting investors with a bunch of promises including this notion of comics-as-films and using their money to pay previous investors and themselves rather than investing that money in actual projects. It apparently went bad in September when these charges were filed (that's a PDF), and it sounds like we've since moved into the show-up-in-court phase.
 
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