U.S. Accuses 3 of Using ‘Hamilton’ as Lure in Ponzi Scheme
The 'Hamilton' musical signage hangs as attendees gather outside of the Richard Rodgers Theatre in the Times Square area of New York, U.S., on Sunday, May 22, 2016.
Photographer: Victor J. Blue/BloombergIn the Broadway smash hit "Hamilton," actors playing Thomas Jefferson, James Madison and Aaron Burr sing “Follow the money and see where it goes,” as they plot to take down their rival, Alexander Hamilton.
Federal authorities said Friday said they too had followed the money, announcing charges against three men accused of scamming investors out of millions of dollars. They allegedly told investors they would buy and resell tickets to popular concerts and musicals including “Hamilton.” Instead, they pocketed some of the cash and used the rest to repay earlier investors, prosecutors said.