Due Diligence: California Real Estate Ponzi Scheme Uncovers Fraud

The death of a California real estate investor has uncovered what appears to be a 30-year-old Ponzi scheme and hundreds of victims who don't know if or when they'll get their money back. Kenneth Casey died suddenly of a heart attack in May which led to a post-death audit and the discovery of financial irregularities at his two companies. In addition to an SEC investigation, investors are now hoping that a bankruptcy filing will help them recover some of the millions that they have invested. www.NewsForInvestors.com