Germany′s Dolphin Trust was a pyramid scheme, causing devastation for investors | Business| Economy and finance news from a German perspective | DW
Germany's Dolphin Trust was a pyramid scheme, causing devastation for investors A German property group has gone bust, with indications it was a seriously fraudulent enterprise. Although nowhere near as known as the Wirecard scandal, the case is arguably far more consequential for ordinary people. Dolphin Trust founder Charles Smethurst (right) juggled with money that belonged to ordinary people But there's another German company that has plummeted to Earth after a more than €1 billion hole emerged in its accounts. Except unlike with Wirecard, this was money that once actually existed and ...
Source: dw.com