Suit alleges Ponzi scammed investors out of $300M
Money manager claimed 432% returns while S&P 500 sank.
Cincinnati money manager Glen Galemmo ran “an elaborate Ponzi scheme” that scammed more than $300 million from about 200 in-vestors, according to a lawsuit filed against him in Hamilton County Common Pleas Court in Ohio.
Between 2006 and 2011, when the S&P 500 declined, he claimed to
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