Central Bank of Malaysia raids ‘Ponzi’ scheme companies

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Bank Negara Malaysia believes four companies it has been investigating in relation to illegal trading activities have been operating Ponzi schemes, according to a statement issued on October 8. A Ponzi scheme works by using new customer assets to pay the returns of more established ‘investors' and can only ‘work' if the scheme can attract ever-greater numbers of new investors.

In tandem with the Royal Malaysia Police, the central bank has raided the premises of four companies this month on suspi

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