Lakeville man at center of latest alleged Ponzi scheme

May 7, 2010 Full story: Star Tribune

Just when you thought the words "Ponzi scheme" might fade from the headlines, another massive fraud scheme has reared its head in Minnesota.

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Hammerdown-Hamme rlane

Schenectady, NY

#1 May 10, 2010
Jerry Moyes-Mr Swift CEO and Corey Johnston-First United Funding loan/ponzi scam. The real question for Swift: was Mr Moyes duped and simply an innocent participant in a loan scam?;or,was he swifter than we know and a collaborator in a fraudulent loan scam. Financial problems with trucking biz and sold hockey team to raise some cash? You have to do whatever is necessary to keep sinking ship afloat-even perhaps fraud? Who knew Bernie Madoff's business model would become so popular today,even with trucking company's management willing to try anything legal or not!

Fargo, ND

#2 Oct 17, 2013
He must be doing just fine because he's paying the guys wife money to keep quite. I think they call it hush money.

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