Feds Sued Over Losses In Ponzi Scheme
|By Steve Patterson, The Florida Times-Union, Jacksonville|
The suit seeking
McLeod killed himself in 2010 as regulators were questioning his company's operations. His company focused on managing federal employees' investments and handled investments by workers in a string of states.
The suit, which was filed Tuesday, accuses about a dozen agencies of negligence for allowing McLeod and his company broad access to its employees.
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|Source:||McClatchy-Tribune Information Services|