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Credit Union Journal

Wednesday, February 8, 2012, as of 04:02 PM EDT

$16 Million Ponzi Scheme Run Through CU

Credit Union Journal Daily Briefing  |  Friday, March 5, 2010

LANSING, Mich. – State regulators on Thursday charged two investment advisers with stealing as much as $16 million from investors through a Ponzi scheme, part of which was run out of MidWest Financial CU and its CUSO Financial Services program...

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