Efrain Betancourt, Jr., 36, a Colombian citizen, was arrested on Nov. 14, upon entering the United States and charged in South Florida federal court with leading a $66 million Ponzi scheme disguised as a payday loan company, Sky Group USA, LLC (Sky Group).
Why would you exit when you’re living the high life on other people’s money?
The thing about Ponzi schemes is that you don’t actually have that much cash. What you get goes to paying the previous marks and supporting the lifestyle to make you look rich.
Smart criminals make just enough money to never work again and then disappear