Godlike Productions - Conspiracy Forum
Users Online Now: 2,517 (Who's On?)Visitors Today: 1,598,738
Pageviews Today: 2,143,088Threads Today: 466Posts Today: 8,309
03:15 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

***AMBER ALERT!*** Be on lookout for missing paper gold - Polish gold ponzi scheme implodes

 
Anonymous Coward
User ID: 3297006
United States
08/15/2012 12:11 AM
Report Abusive Post
Report Copyright Violation
***AMBER ALERT!*** Be on lookout for missing paper gold - Polish gold ponzi scheme implodes
This week's collapse of a gold-derivatives business that Polish regulators say was a Ponzi scheme has hit tens of thousands of customers, shaken confidence in the effectiveness of the nation's financial regulation, and is roiling national politics in the European Union's largest emerging economy.



On Monday, the company, Amber Gold, Sp. z o.o., which sold a gold-indexed investment of its own design and offered higher interest rates than banks, said it was halting operations. It pledged eventually to repay about $24 million it said it owed to roughly 50,000 clients in Poland.

[link to www.zerohedge.com]


News








We're dropping truth bombs like it's the end of days!