Genesis. In the beginning Lipton created heavenly profits.
August 25th, 2010
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The Genesis Fund created profits from nothing.
On August 3, 2010, in Los Angeles, California, John S. Lipton, founder and principal manager of the Genesis Fund, formerly of Mission Viejo and Laguna Hills, was sentenced to 70 months in prison. The Genesis Fund was a bogus foreign currency exchange investment fund that operated as a Ponzi scheme. As much as $60 million was stolen.
The Genesis Fund created profits from nothing.
