Showing results for tags 'ponzi'.
Not sure this is the right sub group, couldn't find a sub group for potential [problem]s. I say they are pyramid/ponzi scheme ......, my friend thinks they are not. Their whole business seems to be based on pay a yearly membership of £650 for some emotional mentoring and some free webinars and creating a feminine network. Then pay some more; £15,000-20,000 to become a group director and make money by starting your own group and get members for £650 each/per year. There seems to be NO products or services to be sold in lieu of memberships so members seems to be the on
A bankrupt stockbroker who defrauded £316m from people has been ordered to pay a nominal £1 fee. Nicholas Levene, 48, was jailed for 13 years after he admitted a Ponzi scheme which brought millions into his bank accounts between April 2005 and September 2009. Levene, from Barnet, north London, took investors' money to buy shares on their behalf but spent it on luxury cars and yachts. His assets are being investigated. He filed for bankruptcy in October 2009. 'Nominal sum' Levene admitted 12 counts of fraud, one count of false accounting and one of obtaining a money transfer by