Raines Feldman partner Kathy Bazoian Phelps was quoted in a San Diego Tribune article about the $400M Ponzi scheme launched by Gina Champion-Cain that ensnared her closest friends.
“The skill of deception is well-honed, and a lack of empathy can leave them guilt-free in stealing from their family and friends,” Phelps said. “For a Ponzi schemer, appearance is everything, and to entice investors, they mastermind a very successful image.”
To successfully pull off a financial fraud at the scale of what Champion-Cain engineered requires certain personality traits — charisma, intelligence, eloquence, says Los Angeles attorney Kathy Bazoian Phelps, who authored the book “The Ponzi Book: A Legal Resource for Unraveling Ponzi Schemes.”
San Diego Tribune subscribers can read the full article here.