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How a scam artist stole an eye-popping $50 million from elderly people, $30 at a time

Por: MarketWatch Business February 03, 2024

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But it was all a scam, federal prosecutors said. There were no prizes. The money simply went into the pockets of a 41-year-old man named Ryan Young from Upper Saddle River, N.J. From 2011 through 2022, prosecutors say, Young and co-conspirators raked in $50 million through the scam. On Friday, Young was sentenced to five years in prison for his role in operating two separate prize-letter schemes. Perhaps even worse, Young had been accused of... + full article



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