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‘What is criminal about dreaming?’

Investor Bernard Madoff, who is accused of running a $50 billion Ponzi scheme, has become a villain in the U.S. David Murcia Guzman is charged with similar allegations. To some in Columbia, however, he has emerged as a folk hero.

BOGOTA, Colombia — Among the elite here, David Murcia Guzman is often disparaged as the Madoff of Colombia, after Bernard Madoff, the New York financier accused of creating a $50 billion investment fraud. But to some in the lower classes in one of Latin America’s most....

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