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Be that as it may, Elway still could have bought the first 10 percent offered for $15 million. Furthermore, it’s not just that he went on the arrangement, it’s the place he put his cash.
Elway and his accomplice in his auto business, Mitch Pierce, took that correct sum – $15 million – and put resources into an organization keep running by a man named Sean Mueller. That organization ended up being a $150 million Ponzi plan and Elway and his accomplice were among the biggest single speculators. Elway and Pierce pulled back $6 million from their speculation, yet wound up losing more than $7 million in the plan when it was all said and done.
Elway misused other cash in all the more terrible ventures. Examples include:
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