Kingfish at the Jackson Jambalaya blog has an update on the Steve Colson fraud scandal.

One question is how many victims will there be? I received a not so nice email from one of the victims that stated that there are 250 people “going through this.”

Kingfish found this Mobile Press article from early March. I’m surprised by the limited amount of press attention that this story has received thus far. This appears to be a major scandal involving a lawyer, the mortgage industry and LSU football players who may have been investors in some of Colson’s companies.