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Veil of secrecy: Madoff vs GIC aka Spore Inc

J

jesus

Alfrescian
Loyal
Madoff essentially ran a ponzi scheme. It lasted so long because it was secretive and managed to evade the regulators so that no one knew what went on.

Notice the similarity with our very own GIC and Spore Inc? No transparency, no accountability. No one knew what is going on.
 
J

jesus

Alfrescian
Loyal
Ponzi schemes are exposed when mass redemptions happen, like what is happening now.

However GIC faces no such risks of redemptions.
 
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