"I was duped," Meyer said. "We trusted this man. The community is still in shock."Authorities say owner Paul Burks was the mastermind of a $600 million Ponzi scheme â¿¿ one of the biggest in U.S. history â¿¿ that attracted 1 million investors, including nearly 50,000 in North Carolina. Many were recruited by friends and family in Lexington, a quintessential small town where neighbors look out for each other.
Authorities: $600M Scheme Incubated In NC Town
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