Show Notes
Mother Teresa is the last person you'd expect to be caught up in a Ponzi scheme. Well, not the iconic humanitarian we all know, but a certain Johanna M. Garcia from North Lauderdale who went by that moniker in her community. In 2021, The SEC filed a complaint against Garcia and her colleagues at MJ Taxes and More. Initially known for helping businesses secure the funds they needed through Merchant Cash Advances, Garcia positioned herself as a savior for hardworking individuals seeking financial assistance. She boasted annualized returns of 120% to 180% for investors willing to participate as "Purchasers" in her scheme. However, as the investigation unraveled, it became evident that Johanna Garcia, or the self-proclaimed Mother Teresa, was orchestrating an elaborate fraud scheme. Listen to the story of Johanna Garcia, a Ponzi schemer who tried to hide behind the name of an angelic figure.
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