Scams running amok?

What a difference a year makes. Or perhaps, maybe not. In January of this year I wrote this post titled "All Ponzi all the time." There were quite a few scams going on at the time with predictions for more to be uncovered. Now the U.S. Attorney for New York's Southern District is saying that white collar crime (a fancy term for scamming) is running amok. He should know, after all New York is one of the financial centers of the world right? Actually it is more like one of the Ponzi scheme capitals of the world it seems and the authorities are having a hard time catching up with all the schemers.