In five of the last nine years, ponzi schemers have been banged up in jail as a result of their nefarious actions.
Between 1991 to 2012, New Zealand had at least one active Ponzi schemer at work at all times, most under the old Securities Commission, which was ineffectual and was swept away to be replaced by the Financial Markets Authority (FMA).
The FMA can’t guarantee there are no ponzi schemes operating as you read this. [Read more…]