Alleged Ponzi scheme victim says trust betrayed

Before a federal indictment last week accused Julia Ann Schmidt of Whitney of a large-scale Ponzi scheme, a 50-year-old businessman was driving the streets of Waco, looking to map the ruse that he claims cost him $100,000.

But address by address, Lynn Byrom says, he became more convinced that the business cards he’d been given were phony. The people he believed were ensuring big returns on his money had never heard of the woman he knew as Ann Schmidt...

Waco Tribune: Alleged Ponzi scheme victim says trust betrayed