The Commodity Futures Trading Commission (CFTC) in the US has filed charges against Florida based Oasis International Group, Oasis Management and Satellite Holdings along with their owners for running a 75 million USD Ponzi scheme, concealed as forex investment program. Five people have been charged with running the Ponzi forex trading scheme that has stinged 700 American investors since 2011. Scammers lured their victims with promises of above average returns with nearly zero risk - Oasis Pools promised 12% guaranteed annual returns, misleading investors that it has realized 21% returns in 2018 and 22% in 2017, without a single month in the red.
Wait... I thought the entire American corporate world is a major Ponzi scheme. Entirely built on debt and finding the next sucker to keep the show going. The guys most in the bind? American consumers.
Actually we consumers have our own Ponzi going. It is called Chapter 7. We borrow till we cannot, then start borrowing again after a few years. Often banks are eager to lend again: higher profit, higher interest rate. And then there is our Government, simpler, just start the printing press.