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From investorprotection .com
PONZI SCHEMES DEFY REGULATORS
Another financial debacle fleecing investors of $200 million! Listing loans as assets gave investors a false impression of company worth. No outside auditor. Loans to Tim Durham's family and friends.
Regulators are unable to stop frauds and scams from happening, so what is the answer. The perpetrators must be made paupers. They should not be allowed to accumulate until they have repaid every cent. Allowing people to declare bankruptcy and start over is providing a licence to steal.
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