The UK Consumer Protection from Unfair Trading Act 2008 means that people can be prosecuted for PROMOTING PONZI schemes. This is the first successful prosecution. Simon Stepsys, Danny Turner, Tony and Lynne Booth and any of the other PONZI scam promoters:
BE WARNED! Your time is coming!
Hardly a fitting punishment for the crime unfortunately.
ReplyDeleteI agree Anon, completely. But if somebody wanted to carry on promoting PONZI's and had a criminal conviction for doing so, then at least others may be more wary of giving them any money.
DeleteSo would all maps "shareholders" who peddle their wares across the Internet, to their friends, etc be at risk of prosecution ?
ReplyDeleteIn theory, yes. But it would be up to the authorities to decide who they would, or would not, prosecute.
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