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‘Garbage Into Gold’ Ponzi Scheme

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Manage episode 373250799 series 2170425
Content provided by AARP. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AARP or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Wayde McKelvy and Troy Wragg stir up enthusiasm for their company, Mantria, and a green energy revolution they promise in the form of a product called “biochar.” Their “garbage to gold” scheme attracts scores of investors and even the attention of former President Bill Clinton. But soon the Securities and Exchange Commission discovers that Mantria is a Ponzi scheme, laced with bogus claims and false promises of enormous returns, ultimately defrauding investors out of millions of dollars.

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240 episodes

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‘Garbage Into Gold’ Ponzi Scheme

The Perfect Scam

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Manage episode 373250799 series 2170425
Content provided by AARP. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by AARP or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Wayde McKelvy and Troy Wragg stir up enthusiasm for their company, Mantria, and a green energy revolution they promise in the form of a product called “biochar.” Their “garbage to gold” scheme attracts scores of investors and even the attention of former President Bill Clinton. But soon the Securities and Exchange Commission discovers that Mantria is a Ponzi scheme, laced with bogus claims and false promises of enormous returns, ultimately defrauding investors out of millions of dollars.

  continue reading

240 episodes

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