Looks like he's in trouble with the SEC (not THAT SEC).  That's too bad if true. I don't understand why what is did is called a Ponzi scheme, but I'm not the brightest financial mind out there. I guess that's why I'm poor. hahah

http://www.usatoday.com/story/money/2015/04/07/sec-ponzi-scheme-charges-alleged/25408295/