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08-29-2018, 04:47 PM #1Senior Member
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1st Global - Isn't there a name for this
https://www.sec.gov/litigation/compl...pr2018-171.pdf
From page 16.
Isn't there a name for this? Starts with a P... Pon... Pon... Ponzi?Often the Company would not generate enough money from the MCAs to fully pay redeeming investors, forcing the Company to use new investor funds to pay off redeeming investors.
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