In July of 2009, William Buus filed yet another securities fraud case on behalf of over 70 plaintiffs against a Ponzi schemer. John Anthony Miller pled guilty to securities fraud in federal court on March 27, 2009, after having bilked hundreds of people out of their retirement savings. Mr. Miller informed people that he could obtain 10% to 18% annual returns by investing in foreign currency trading, oil wells, real estate and other purported investment opportunities. In reality, he made very few investments, and used investor money to pay returns to other investors and for his own personal benefit -- a classic Ponzi scheme. William has sued other entities and individuals, including IRA Resources, Inc. and Theodore Staren. The suit claims that its investors lost over $20 Million.