BRAZIL: Crash of the Felipetas

Back in the '20s, soon after Charles ("Get-Rich-Quick") Ponzi went broke Offering Bostonians "double your money" in six months, Moran & Mack, the "Two Black Crows" of vaudeville and radio, told a story about raising pigs on their farm. The pigs cost $4 apiece and were fattened for the market, but brought only $4 when sold.

"Why, you can't make money that way," Moran would say, shocked.

"Ya-as," Mack would sigh, "we found that out."

Last week a Brazilian air force lieutenant named Luiz Felipe Albuquerque Jr., 30, also found out. Having lifted some $35 million from Brazilians in a...

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