NCPI Workmark
Articles in regional publications that pertain to a wide range of North Carolina-related topics.

Bank Liability to Non-Customers in a Ponzi Scheme

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Ponzi schemes are the country’s most prevalent type of investor fraud. The essence of the Ponzi scheme is new investors pay off old investors at high rates of return, which then attracts new investors, and the cycle continues and grows until it collapses on itself or is discovered. This article discusses cases of Ponzi schemes in North Carolina and bank procedures for addressing fraud.
Carolina Banker (HG 2153 N8 C66), Vol. 91 Issue 4, Winter 2012, p26-29, por