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Resource ID: #10458
Subject: Fraud
Source: Chicago Magazine
Affiliation: 
Date: 

Description

Chicago Magazine tells the story of Saul Foos, a Chicago lawyer and talent agent who ran an elaborate scheme in which investors put more and more money into imaginary investments; Foos used the money to pay dividends to earlier investors until scheme collapsed; documents Foos' background, rise to riches and the charismatic personality which allowed him to fool otherwise intelligent investors, August 1994.

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