Tag: Ponzi scheme
-
Canadian Accounting Firm Faces $12M Bill for Greg Martel Ponzi Bankruptcy
Overview: A High-Cost Chapter in a Widely Timed Ponzi Case The fallout from Greg Martel’s Ponzi scheme continues to reverberate through the lives of more than 1,700 investors in Victoria, British Columbia. As the bankruptcy process unfolds, newly released documents show that the accounting firm appointed to supervise Martel’s affairs could bill an estimated C$12…
-
Accounting Firm Projects $12M Bill Overseeing Greg Martel Ponzi Bankruptcy
Overview: A Large-Scale Bankruptcy Administration As the fallout from the Greg Martel Ponzi scheme continues to ripple through the wallets of more than 1,700 investors, new court filings reveal an eye-popping figure attached to the administration of Martel’s bankruptcy. An accounting firm appointed to manage the proceedings estimates a total bill of around $12 million…
-
Accounting Firm Oversees Greg Martel Ponzi Bankruptcy Estimates $12M Bill for Services
Growing Costs in the Greg Martel Ponzi Case The fallout from the Greg Martel Ponzi scheme continues to affect more than 1,700 victims in Victoria, British Columbia, as new disclosures reveal a substantial potential bill for the accounting firm tasked with overseeing Martel’s bankruptcy. The administrator estimates a $12 million charge for services rendered as…
-
PPATK Signals Ponzi Concerns in Dana Syariah Indonesia Case
Overview: PPATK’s Warning Signs in Dana Syariah Indonesia The Indonesian Financial Transaction Reports and Analysis Center (PPATK) has raised concerns about possible Ponzi activity linked to the default situation surrounding PT Dana Syariah Indonesia (DSI). While authorities continue their investigations, the agency has highlighted indicators that are often associated with Ponzi schemes—promises of unusually high…
-
PPATK Flags Ponzi Signals in Dana Syariah Indonesia Case
Disclosure of Ponzi Signals in Dana Syariah Indonesia The Indonesian Financial Transaction Reports and Analysis Center (PPATK) has identified potential red flags pointing to a Ponzi-like scheme in the case surrounding Dana Syariah Indonesia (DSI). While investigations are ongoing, the watchdog stresses the need for heightened scrutiny by regulators, investors, and financial institutions. The announcement…