EAST ST. LOUIS, Illinois: A Canadian national who the U.S. government says swindled $70 million from 40,000 investors on six continents carried out the same kind of pyramid scheme the one-time bank robber mocked on his website, federal investigators allege.
Nicholas Smirnow warned clients of his online business, "Pathway to Prosperity," to stay away from high-yield investment programs that often boast of unrealistic returns for little or no risk.
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