Most important info bit (emphasis mine):
A part-time business lecturer at the University of Southern California was arrested Friday for allegedly running a Ponzi scheme that authorities say bilked at least $1.5 million from real estate investors, some of them students who took his class....
Authorities said Landreth's business was actually a Ponzi scheme, in which any money paid to investors comes from money put in by other investors. They said many of those who invested were USC business students who also worked briefly for Landreth but did not earn the salaries they were promised.
Idiots.
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