Detroit Man Took $27 Million In Ponzi Scheme
Investors lost millions of dollars as Andrew Middlebrooks’ Ponzi scheme imploded. As a young man, he showed considerable promise in becoming the first African American hedge fund manager in Michigan. The federal government seems to have accepted his plea agreement for defrauding the people who trusted him. Having learned about stocks from his father, Middlebrooks made headlines as a child prodigy. Eventually, he developed his own specialized research program for analyzing stocks and funds in …