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Dave and Dujanovic

Sep 26, 2018

Rick Koerber was charged with running a Ponzi scheme. Here's how it worked: he convinced people to skim equity out of their homes -- during the craze of the housing market 10 years ago -- and give it to him to invest, touting earnings of up to 5 percent a month. But instead of investing it -- he used millions to pay back other investors.