Longtime observers know that Ponzi schemers have blamed the lack of payouts on hurricanes, earthquakes and fires.

Now comes the "plane-had-to-make-an-emergency-landing-in-Amsterdam-because-it-lost-its-No.-3-engine" explanation.

After undergoing repairs in Amsterdam, the plane eventually made its way to the United States, according to the alleged schemer. That's when it was discovered that the precious cargo of diamonds the company was importing from Africa included 18,000 fake ones.

The SEC announced this emergency action against a "diamond-themed" Ponzi scheme today.

http://sec.gov/litigation/complaints/2010/comp21747.pdf

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