A despicable human being that basically stole billions of dollars from hundreds of thousands

of victims over a very long period of time.

With the gun, you might be able to still hundreds, but with the pen, you can still millions.

Especially when you're talking about people who are wealthy philanthropists,

they don't want to admit that they have been duped.

Hello and welcome to Best Case Worse Case. This is your host, Jim Clementi, with my co-host,

Francie Hakes. How you doing, Francie?

Hi, Jim. Good. How are you out there in California?

I'm doing great. Hope you're doing well and it's landed, Georgia.

That's rainy here, but otherwise it's great.

Okay. Well, we are here with our very special guest, retired FBI agent Jerry Williams. How you doing, Jerry?

I'm doing great and lovely South Jersey.

That's great. What exit?

Oh, it's way down exit four.

Wow, that is South Jersey.

I'm close to Philadelphia. Right outside of Philadelphia.

Wow. All right. Well, we're here to talk about your best case in your FBI career.

And can you tell us what type of case you chose to talk about?

Well, I am proud to say that I'm going to talk about a white collar crime case, actually a Ponzi scheme.

That's interesting. And obviously the first thing we want to do is get you to define what a Ponzi scheme is.

Absolutely. It is an investment fraud. And basically you get people to give you money to invest in your scheme by promising them outrageous and high returns on their investment.

And the only way that you can pay them back is by getting new people to invest.

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