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September 2017 Archives

Ponzi schemes can result in jail time

Being involved in a Ponzi scheme in South Carolina can cause more trouble than losing all of one’s gambling money; it can also result in criminal charges. One may start participating as an investor or contributor of funds with the hope of profit. However, that role may broaden to include recruitment of other participants, and often the recruiting efforts include persuasion with false promises and inaccurate information.