The content originally appeared on: Trinidad and Tobago Newsday News File photo. PONZI schemes are now illegal in TT due to recent changes in the law, said the TT Securities Exchange Commission (TTSEC) in a recent statement. Named after Italian swindler Charles Ponzi (1882-1949) who operated in the US and Canada, a Ponzi scheme pays investors in a non-existent enterprise merely by funds from new investors rather than profits generated by productive business activity. The TTSEC announced certain amendments to […]
