Word of the week: "duped"

Source: "Retired Bus Drivers Lose Everything in Ponzi Scheme" by Blake Ellis, 23 April 2011.

Sentence: "Bobby Bradley, a 70-year-old retired bus driver, was duped out of $215,000 -- his entire life savings."

Definition: verb (used with object) 1. to make a dupe of; deceive; delude; trick. noun (dupe) 2. a person who is easily deceived or fooled; gull. 3. a person who unquestioningly or unwittingly serves a cause or another person.

Bobby Bradley and about 150 other retired bus and train operators lost approximately $7 million after transferring their retirement savings into investment accounts run by Thomas Mitchell, an investment adviser who had gained the trust of the Los Angeles area retirees. Mitchell had been running a 15-year Ponzi scheme that collected $15 million from the retirees, and is now being charged by the Department of Justice for his criminal acts.

Works Cited

"duped." Dictionary.com. Dictionary.com LLC, 2011. Web. 24 April 2011.

Ellis, Blake. "Retired Bus Drivers Lose Everything in Ponzi Scheme." Yahoo! Finance. Yahoo! Inc, 23 April 2011. Web. 24 April 2011.

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