pyramid schemes

Investment Contracts, Ponzi and Pyramid Schemes

We all make investments in our daily lives and each investment is made with an expectation to derive some benefit. We invest in ourselves through education and learning with the hope that our job prospects and consequent earning potential would improve. We invest in a car, land and a house …

Joint Media Release – Financial Sector Regulators on Pyramid Schemes

Joint Public Advisory by the Trinidad and Tobago Securities and Exchange Commission, the Financial Intelligence Unit of Trinidad and Tobago and the Central Bank of Trinidad and Tobago on “Pyramid Schemes” marketed in Trinidad and Tobago. The Financial System Regulatory Authorities are jointly issuing this Advisory to the public to …

TTSEC Warns Investors of….. Pyramid, other “Get Rich Quick” Schemes

The Ponzi scheme derives its name after the famous Carl Ponzi whose case came to the forefront in the 1920’s. Ponzi stole US$9.8 million in a scheme which operated in Boston. Over 10 thousand investors were involved.