Six years after Bernard Madoff became a household name people still fall for Ponzi schemes. That's probably because schemers have a tried and true method backed up by psychology.
Last year there was a big $96 million Ponzi scheme on Long Island. It had all the trapping of a Hollywood con: offshore shell companies, luxury cars, and there was even a famous beachfront resort near the Hamptons.
But for the victim there was nothing glamorous about it
"I thought it was some run of the mill fund," Jan says in a sweet Texan twang that makes friends of almost any ears.