This post is from from The F.B.I.!
“Concert Investment Scam Hits a Flat Note. Andres Fernandez was a smooth-talking concert promoter who told people he could make them wealthy investing in the glamorous industry.
While he claimed he couldn’t give too much information on the business, he did promise up to a 100% return on investment.
Instead, his more than 50 investors were swindled. Victims lost more than $20 million, ranging from $5,000 to $7 million per victim. Fernandez and an associate lived on that money and re-paid prior investors in a Ponzi-like scheme.” Click here to read the rest of the article.