" A high school dropout, Robert Vesco bilked and conned his way to riches. Two times Forbes magazine named Vesco as one of the 400 richest Americans. The articles simply stated that he was a thief. As a man continually on the run, he was constantly attempting to buy his way out of the many complicated predicaments he got himself into.
In 1970, Vesco made a successful bid to take over Investors Overseas Services (IOS), an offshore, Geneva-based mutual fund investment firm, worth $1.5 Billion. Employing 25,000 people and selling mutual funds throughout Europe, primarily in Germany, he thought of the company as his own private slush fund. Using the investors’ money as his own, he escalated his investment firm into a grand “Ponzi Scheme.” During this time he also made an undisclosed $200,000 contribution to Maurice Stans, Finance Chairman for President Nixon’s Committee to Re-elect the President, known as CREEP. To make matters worse, the media discovered that his contribution was being used to help finance the infamous Watergate burglary. "

― Hank Bracker