Gold-based scam unravels, robbing Poles of savings

Gold-based scam unravels, robbing Poles of savings

By VANESSA GERA The Associated Press
Published Aug 28, 2012 10:50AM MDT
Warsaw, Poland • It was pretty much all the money Bozena Oracz had after a working life as an accountant: the equivalent of $15,000. She placed it in a fund investing in gold, with the hope of paying for her daughter’s studies and getting treatment for a bad knee. Those dreams were dashed when she discovered she had fallen victim to an elaborate fraud scheme that has left thousands of Poles, many of them elderly, facing financial ruin. The so-called Amber Gold affair is one of the biggest financ...
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