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$40M B'klyn storefront Ponzi scam busted
Philip Barry, an alleged Brooklyn version of Bernie Madoff, was charged Tuesday with running a $40-million storefront Ponzi scheme for 31 years that scammed Bay Ridge neighbors and as many as 800 investors from Long Island, New Jersey and beyond.
Barry, 52, was accused of securities fraud in a criminal complaint in Brooklyn federal court and a civil suit by the Securities and Exchange Commission...
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