Quote:
Originally Posted by stocktrader23
That is b/s and it would make the whole thing a ponzi scheme which is explicitly illegal.
|
The entire banking system is a government-sanctioned ponzischeme. The government makes the taxpayer pick up the tab when things go wrong (bailout anyone?).
The difference with epassporte is that epassporte didn't have any kind of government backing. The question here is: why did mallick decide to close down epassporte (and in such a disorderly manner)? Insufficient funds is the only reason I can think of.