4/12/2025
Lydia Cladek claimes to invst in subprime automobilem Finance Contracts.
She began in 1998 growing to have some 100 employ9ees with her own office building.
Investors lose, she is sentenced to 30 tyears.
She primarily preyed on older female investors. Instead she bought three vacation homes and slept on $2,000 sheets.
She raked in some $112 million 1998-2009. The article does not say if she actually bought any finance contracts. As usual in such frauds, she used the money for personal purposes. Many of the women were recruited from her church. She had a public persona of helping animals.
Professor Elam 
Leave a comment