The Ponzi Playbook

4. Johanna Garcia: Mother Teresa Ran a Ponzi Scheme?


Listen Later

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.


Follow The Ponzi Playbook on Twitter:

https://twitter.com/ponziplaybook

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

The Ponzi PlaybookBy Neal McTighe and Javier Leiva

  • 4.7
  • 4.7
  • 4.7
  • 4.7
  • 4.7

4.7

84 ratings


More shows like The Ponzi Playbook

View all
The Generation Why Podcast by Wondery

The Generation Why Podcast

17,209 Listeners

The Minds of Madness - True Crime Stories by Grip Tape

The Minds of Madness - True Crime Stories

6,810 Listeners

PRETEND by Creative Babble

PRETEND

2,406 Listeners

Swindled by A Concerned Citizen

Swindled

9,761 Listeners

The Perfect Scam by AARP

The Perfect Scam

1,087 Listeners

Criminal Conduct by Creative Babble

Criminal Conduct

1,061 Listeners

Guru: Don't Cross Kat by Wondery

Guru: Don't Cross Kat

7,006 Listeners

The Opportunist by PodcastOne

The Opportunist

10,272 Listeners

Was I In A Cult? by PodcastOne

Was I In A Cult?

3,206 Listeners

Betrayal: Season 4 by iHeartPodcasts and Glass Podcasts

Betrayal: Season 4

6,795 Listeners

Scamfluencers by Wondery

Scamfluencers

7,103 Listeners

Dirty Money Moves: Women in White Collar Crime by Cloud10

Dirty Money Moves: Women in White Collar Crime

330 Listeners

Infamous by Campside Media / Sony Music Entertainment

Infamous

1,065 Listeners

The Big Flop by Wondery

The Big Flop

1,092 Listeners

Blood Vines by Foxtopus Ink

Blood Vines

163 Listeners

LUIGI by Law&Crime | Wondery

LUIGI

251 Listeners