Ponzi Scheme
Investment | 14 Oct 20
How to spot a Ponzi scheme
Thousands of investors were defrauded out of $463m in two recent scams
Investors lose over £20m to international Ponzi fraudster
He made people believe their pensions and savings were invested in foreign exchange trading
London police recoup £3m from Ponzi fraudster
He is currently in prison after conning victims out of £14.5m
US Ponzi scheme adviser assets frozen
He raised more than $5.6m from at least 35 investors who were mostly retirees in California
UK lifeboat scheme pays £2.3m to Ponzi victims
It aims to complete all claims by the end of July 2020