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Miscellaneous

Members Seek Recompense for Ponzi Scheme Losses

OCT 17, 2007 8:31pm ET

REIDSVILLE, N.C. – More than a dozen members–half of them founders–of American Partners FCU are seeking repayment of millions of dollars of funds a third-party investment advisor lost when he put the money in a failed investment pool that regulators have labeled one of the biggest “Ponzi” schemes ever.

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