Jump to content

Warning issued after Ponzi scheme busted


geovalin

Recommended Posts

The Ministry of Interior and the Securities and Exchange Commission of Cambodia (SECC) issued a joint release yesterday announcing that investigations of Empire Big Capital Ltd (EBC) and related firms AIF and ICA showed the companies had engaged in investment fraud.

Authorities shut down EBC last year and arrested several of its staff on suspicion of operating a Ponzi scheme.

The release, dated July 8, urged victims of the fraud to take legal action, and warned the public to be wary of “risky” investment schemes promising high rates of return.

read more http://www.phnompenhpost.com/business/warning-issued-after-ponzi-scheme-busted

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.








×
×
  • Create New...
""