- Timezone: America/New_York
- Date: Aug 08 2019
- Time: 1:30 pm - 4:30 pm
Regional Education Series – Los Angeles
Join your NAFER colleagues as we go “Inside the Mind of a Ponzi Schemer” during an interview with Mark Morze. We will have an in-depth discussion with Mark regarding the set up of a carpet cleaning business that turned into a $200 million Wall Street company, and the aftermath that followed.
Mark Morze spent over 4 years in federal prison for stealing $100 million in the most infamous fraud of the 1980s – ZZZZ Best Carpet Cleaning. The financial community was rocked when it was uncovered that $43 out of $50 million in ZZZZ Best revenue was fake. Morze created 10,000+ phony documents and fashioned 4 or 5 fake annual tax returns for use in meeting bank’s lending requirements.