‘We grow money a million times faster than Warren Buffett’: The SEC brought fraud charges against a pair of over-70s running a $30 million scheme that promised ridiculous returns to investors

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A pair of over-70s told investors their sports-betting system generated returns that put Warren Buffett to shame, when in reality they were running a nearly $30 million fraud, the Securities and Exchange Commission alleged in a complaint filed with the US District Court of Nevada last August.

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