Trio nabbed over HK$33 million Ponzi scheme: police
Three local men were arrested in the last few weeks for allegedly running a Ponzi scheme which they started in 2014 involving at least HK$33 million, a Judiciary Police (PJ) spokesperson said yesterday.According to the spokesperson, the trio are shareholders of a group of companies which ran a real-estate agency in Macau.According to Wikipedia, a Ponzi scheme is a fraudulent investment operation where the operator, an individual or organisation, pays returns to its investors from new capital