Are you familiar with Palm Beach County in Florida? If so, you know there is a lot of money in the area. Some convincing thieves figured they would try to tap into that money and recently set up an investment company in the area. They promised 125 percent on returns and convinced very wealthy people to invest tons of money in their company, known as the KL Group. According to the SEC, more than $200 million is already gone and it could go much higher. The fact that only 225 people invested means that each of those people gave more than $1 million each. Clearly it doesn’t matter what your position or educational background is. Greed is present in all levels of society. Schemes like this are known as “hedgefund ripoffs,” so watch out!