Ponzi Scheme: The Panata Foundation and Menil Cases
Written by Atty. Fred on Tuesday, 15 January 2008
There are of discussions on the Ponzi and pyramiding scams at the Pinoy Entrepreneurs blog (see “Scams and Schemes“). There’s a discussion of an actual case, the Panata Foundation case. The 2000 case of People vs. Menil, Jr. involves a strikingly similar scheme. It’s really amazing how this scam still works despite almost a hundred [...]