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ponzi scheme

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nala
Super Contributor
any comments on the lastest ponzi collapse with son of ad***** ingram director
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7 REPLIES 7
AJT
Super Contributor
I know it has been going for at least 3 years, as I was asked if I wanted to invest in it 3 years ago by a friend, but turned it down as it seemed "to good to be true".
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AJT
Super Contributor
I believe a well known property developer in JHB was invested in this scheme, but would rather not mention names...
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nala
Super Contributor
the news says that 10 billion was involved -is this real ? how does it go to such great amount within 3 years?
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nala
Super Contributor
sometimes it is important on what you know and not who you know
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nala
Super Contributor
sometimes it is important on what you know and not who you know
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AJT
Super Contributor
Do not know what value was involved, but hear that the debtors book was sitting just below 1,8 billion last week (Moneyweb was the source). A mate of mine was owed 4 million last week, but he also made a lot during the time. Think we will have to wait band see what the final figure is, as there is a lot of speculation right now.
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