Central Bank of Malaysia raids ‘Ponzi’ scheme companies


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

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