Lawsuit: Fake FAU professor scammed elderly out of life savings The federal government and financial regulators took Barry Kornfeld's broker's license in 2010. But that failed to stop the disbarred broker and his wife Ferne from running a Ponzi scheme at Florida Atlantic University disguised as a class called "Baby Boomer Retirement," a lawsuit against the Kornfelds states . The Kornfelds reportedly persuaded the unwitting students to invest their life savings in a now-bankrupt company. An FAU spokesman told the Palm Beach Post that the university never employed the couple, but they rented space from the university and held three sessions there in the fall of 2017. Scott Silver, a securities lawyer representing some of seniors, said FAU can't claims they did not know what kind of person was renting their space, since that is how they make their money. The Kornfelds' attorney, Robert Harries, with Coral Springs law firm Hunter Taubman & Fischer Li, did not comment on the case. A Google search of the Kornfelds yields top results showing that Barry was disbarred years ago, while Ferne's investor's license expired in 2015.