Investment Scams
Navigating the world of scam investments
Trying to understand the world of investments sometimes feels like wading through a minefield. Frankly, it can be a little overwhelming. Let’s say you’re ready to invest your hard-earned cash, but don’t know where to start. The first aspect to get savvy on is scams! Get familiar with the different types. Due to technology, they…
Read MoreWhen sweet investments turn sour
Let’s set the scene. You were dazzled by a shiny investment prospect. The promise of returns were high, and the representative sold the heck out of it. Perhaps the first date (or two) of your dividend payments came around and you got paid. Great. All was going to plan. But then… Help! There’s been a…
Read MoreBernie Madoff and the lure of Ponzi Schemes
If you’re interested in savings and investments, you’ve probably heard of American fraudster Bernie Madoff, the man responsible for the world’s largest Ponzi scheme. Madoff’s insatiable appetite for money led him to coordinate an elaborate Ponzi that embezzled more than US$64 billion (£46bn). For 17 years until his arrest in 2008, Madoff conned thousands of…
Read MoreBenefits of a creditors’ committee
Creditors in a statutory insolvency procedure should establish a creditors’ committee if they want to influence proceedings, set the basis for the insolvency practitioner’s fees, and increase dividends for the general body of creditors. A creditors’ committee consists of 3 to 5 people who are responsible for setting the basis of the insolvency practitioner (IP)’s…
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