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History. >> by luck or by circumstance was inserted into this scheme. >> reporter: then money manager, now convicted felon, trevor cook told investors he was running a risk-free foreign currency trading program. >> there's no risk, okay? riskless transactions. >> reporter: in fact though, more than 900 investors lost nearly $160 million. >> everything is gone. i have lost everything. >> reporter: government accused cook of running a ponzi scheme out of this minneapolis mansion. nearly six months after we first reported this story, the man surfaced as a focal point of how the ponzi scheme came ...

Ponzi schemes in minnesota's history. >> i, by luck or by circumstance, was inserted into this scheme. >> reporter: then money manager, now convicted felon, trevor cook, told investors he was running a risk-free foreign currency trading program. >> there's no risk. okay, riskless transactions. >> reporter: in fact, though, more than 900 investors lost nearly $160 million. >> everything is gone. i've lost everything. >> reporter: the government accused cook of running a ponzi scheme out of this minneapolis mansion. nearly six months after we first reported this story, schlobaum surfaced. >> i w...