Summary
AMERICANS call it a 'Ponzi scheme', to we British it is 'teeming and lading'. Call it what you will, it is one of the oldest financial frauds in the book.
Investors receive apparently handsome returns, only later does it emerge that these are not returns at all but the initial investment money of new clients.See the full content of this document
Extract
Bilko Would Be Proud of This Trick
In the great tradition of a Sergeant Bilko card game, players provide the financial wher...
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