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Just another Minneapolis ponzi schemer.

March 15, 2009

Ponzi scheming seems to be the hot new profession these days. Maybe I should change my major. Does the University of Minnesota offer a degree in fraud? I’ll check over at Carlson.

South Minneapolis’ own Kalin Dao is the most recent in a string of white collar criminals caught for investment fraud. Dao’s was a much more freshman effort compared to the J.V. level Tom Petters and Bernie’s Varsity level ponzi schemes; however the $10 million pyramid affected several people, majority Minnesotans. Looks like we’re going to have to add another homeless shelter or two to the city.

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