MMM Scheme: Risks of Ponzi and pyramid schemes
Wouter Fourie from the Financial Planning Institute says investors might feel the brunt of the pyramid scheme in the next 2-3 months. He chats to Bruce Whitfield about his prediction.
JOHANNESBURG - With some focus on the Triple M scheme, Wouter Fourie, Director on the Board of the Financial Planning Institute (FPI) says this is probably the best organized crime.
The MMM investment scheme is under investigation by the Hawks after it collapsed in Russia.
The group has applied to the High Court in Pretoria for clarity on whether the donation based network is considered a ponzi or pyramid scheme.