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Misty Helms was crushed to find out she and her husband had lost all of their savings in a bogus investment.

"I owned a restaurant and he ate in my restaurant every day. For approximately 30 years i've known this man," said Helms.

Helm said Bill Stacey claimed he had recently sold his formula for a drug that could help cure cancer.

"He set up a whole demonstration on how everything worked, the company big I mean he had pamphlets, a DVD – it looked legit – it looked like a real company."

Stacey claimed his firm was about to be acquired by a large pharmaceutical company. He told Helms he was selling a limited number of stock options before the acquisition and they would be affordable.

"Really cheap. Ten For a $1 and he was wanting to share the wealth with us," Helms said.

She invested almost $3,000 dollars based on Stacy's claim she could make millions. But the money never came.

"That was our nest egg. That was everything we had saved up, every penny. It wasn't much, but it was everything to us."

Helms' husband filed a police complaint and they soon learned they were not alone.

"He would approach people in church, friends he knew through acquaintances in town," said U.S. Postal Inspector, Christopher Davis.

There were hundreds of victims.

Some advice from postal inspectors--research before you invest and be wary of anything that sounds too good to be true.

Davis said, "Talk to a friend, good friend and say 'hey I got this opportunity to invest. What do you think about that opportunity to invest?'."

"I wished I had told somebody what I was going to do, so they could have told me not to do it," said Helms.

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