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Florida man is charged with $880M Ponzi that bilked New Jersey investors

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A Florida businessman with a penchant for luxury cars, philanthropy and socializing with professional basketball players was charged in federal court today with orchestrating an $880 million Ponzi scheme authorities say bilked at least $80 million from investors in New Jersey and elsewhere. Nevin K. Shapiro which is Jewish of Ashkenazic origin, 41, surrendered to agents from the FBI and the Internal... 
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