Dealin’ Doug loses investment in Ponzi scheme
DENVER — Doug Moreland, known as “Dealin’ Doug” in the car sales business, is among the victims of a Ponzi scheme, according to a report on Denver TV station CBS 4.
Moreland acknowledged that he lost about $500,000 in an investment scheme operated by a long-time friend. The Colorado Attorney General’s office would not comment about the case, but Moreland told CBS 4 that his friend, Greenwood Village businessman Dan Rudden, had been using new investments to pay off previous investors in the company Financial Visions and about 150 investors are out their money, which may total $55 million.
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DENVER — Doug Moreland, known as “Dealin’ Doug” in the car sales business, is among the victims of a Ponzi scheme, according to a report on Denver TV station CBS 4.
Moreland acknowledged that he lost about $500,000 in an investment scheme operated by a long-time friend. The Colorado Attorney General’s office would not comment about the case, but Moreland told CBS 4 that his friend, Greenwood Village businessman Dan Rudden, had been using new investments to pay off previous investors in the company Financial Visions and about 150 investors are out their money,…
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