Ponzi Scheme
17,000 retails investors stung in $1.7bn scam
Trio charged with running a Ponzi-like scheme by the US financial watchdog
UK watchdog takes duo to court after investors lose £30m
They reportedly promised investments in care homes for returns ranging between 8% and 10%
IFA jailed for £1.2m Ponzi scheme
Money was used to fund his ‘lifestyle and businesses’ and a ‘substantial’ gambling habit
Investment | 14 Oct 20
How to spot a Ponzi scheme
Thousands of investors were defrauded out of $463m in two recent scams