Two men were charged Friday with roles in Ponzi schemes that cheated wealthy people, including some who believed they were investing in ticket businesses for popular shows like an Adele concert and Broadway's "Hamilton." Deputy U.S. Attorney Joon H. Kim said Meli and Simmons ran Ponzi schemes even as they pitched backers with legitimate-sounding investments. William F. Sweeney Jr., head of the FBI's New York office, said the defendants had joked about their Ponzi scheme, saying it was a "shell game." It's the way a Ponzi scheme ends," he said. According to a criminal complaint, the fraud stretched from November 2015 through January and the Ponzi schemes developed as investors demanded their money.

Source: Fox News January 28, 2017 06:21 UTC