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Tag "ponzi and pyramid schemes"

Ponzi scheme promoters risk 10-year jail term as capital market bill passes second reading at house of reps

    Ponzi scheme promoters risk 10-year jail term as capital market bill passes second reading at house of reps

A bill seeking to prohibit Ponzi and Pyramid schemes has passed the second reading at the house of representatives. In recent years, financial regulators have expressed concerns over unlawful schemes. In

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