Stamping Out Savings

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Lured by the promise of 6% returns, and hoping to save money for her autistic son, Felisa García Castro invested €30,000 over the last decade in the Spanish collectibles firm Fórum Filatélico. Last week, the 41-year-old Barcelona administrator learned the trading company she thought was putting her savings in valuable stamps was instead using it — along with the savings of another 210,000 Spaniards — to advance an elaborate pyramid scheme that netted company executives huge profits. "I've gone 10 years without a vacation so that I could put money away for my boy," says García Castro. "I can't begin...