General Interest

Ponzi Schemes: Another MTI Judgment, Risks and Red Flags

Ponzi Schemes: Another MTI Judgment, Risks and Red Flags

“MTl’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promisinghigh rates of return to investors and generating returns for earlier investors with investments taken from later investors.” (Extract from judgment below) In times of economic turmoil,…