ponzi scheme

Washington man who defrauded hundreds escapes from prison

SEATTLE (AP) - Authorities say a Washington state man who bilked investors out of more than $100 million in a major Ponzi scheme has escaped from a federal prison in central California.According to The Seattle Times, prison officials say 55-year-old Frederick Berg, formerly of Mercer Island, was discovered missing Wednesday afternoon from a minimum-security work camp next to a penitentiary in Atwater, California.