(Bloomberg) Rogue banker confessed to running a Ponzi scheme. But was he hiding a bigger crime?
Fabien Gaglio confessed to running a $100 million Ponzi scheme on his own terms. At 9 a.m. on a Wednesday in Paris, dressed elegantly in a dark sweater and crisp white shirt, the 39-year-old banker from the French Riviera walked into a police precinct and took a seat in an interrogation room, armed with a folder of notes.
He Stole $100 Million From His Clients. Now He’s Living in Luxury
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