Ponzi Scheme Alleged in Miami, Again
Post on April 17, 2015 by The Victoria Law Group 0 Comments
There is a lot of “dry powder” floating around out there, and people seem to be looking for a few things when they’re pondering investment ideas: 1) A Homerun; 2) Security; 3) Fun. In the Cay Clubs Resorts project, turns out, investors had none of the above. Turns out, the Cay Clubs project may just have been another Ponzi scheme, or so says the Feds. The SEC alleges that Cay Clubs Resorts was a $300-million plus Ponzi scheme. One often wonders, what the world would be like if these people were able to turn their talents to good deeds.
Read Martha Brannigan’s Miami Herald article here:
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