According to federal prosecutors and court documents, Lauren Baumann, 43, of Downey, CA, admitted to having solicited loans from investors with claims that the money would be used to finance "battle of the bands" events featuring Christian rock bands and other music groups. As part of her pitch, Baumann represented that these events would generate profits from ticket sales and company sponsorships. Additionally, some investors were told that the funds would also be used to purchase, refurbish and resell homes.
That's how today's "Street Sweeper" column begins -- seriously, how can you not read it? By way of further enticement, we're tossing in, for one-day only, at no additional charge: Bill Singer's Incredible Five-Step Due Diligence
READ Today's Street Sweeper at Forbes.com