Ex-lawmaker steals $20M in ‘End of the World’ coin scheme
Scams
A former Tennessee legislator who stole $20 million dollars in a gold coin Ponzi scheme was sentenced to prison on Tuesday. The Commercial Appeal reports that Larry Bates, 73, will spend 21 years in federal prison and pay $20 million to various victims affected by his scam, which entailed selling and purchasing silver and gold coins. Bates’ …