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SEC: Payday loan scheme bilks investors out of millions

SEC: Payday loan scheme bilks investors out of millions
kob.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kob.com Daily Mail and Mail on Sunday newspapers.

SEC: Payday loan scheme bilks investors out of millions

The owner of a Miami-based payday loan company bilked hundreds of investors out of millions of dollars and repaid others with money he acquired from a Ponzi scheme, according to a newspaper report and federal regulators.

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