Ponzi Schemes: Can Liquidators Claw Back 600% of Payouts?

“MTl’s business clearly amounted to an unlawful ponzi-scheme, i.e. a fraudulent investing scam promising high rates of return to investors and generating returns for earlier investors with investments taken from later investors.” (Extract from the MTI judgment) Recent media reports of the MTI (Mirror Trading International) liquidators making repayment demands of investors highlight once again…

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 promising high 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, the promise of “easy money” can be incredibly enticing. Unfortunately, this allure often leads…

Your Website of the Month: How to Avoid Falling Victim to a “Tinder Swindler”

“But love is blind, and lovers cannot see” (Shakespeare) Note: Please think of sharing this article with any family member, friend or colleague who might benefit from knowing which “red flags” to watch for when using dating apps and social media. Even if you haven’t yet watched the hit Netflix film “The Tinder Swindler”, you will…