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Noah Musingku is a Bougainvillean conman. In the late 1990s, he created a highly successful Ponzi scheme called U-Vistract.Facing prosecution from Papua New Guinean authorities, Musingku fled to the Solomon Islands in 2002.
All investments carry some degree of risk, but there's a distinct line between a risky investment and a downright scam. Unfortunately, scams are prevalent. According to data from the Federal Trade...
Report the scam. If you feel you’ve been taken advantage of by an investment scam, contact your local banking institution to go over how to best protect and recover your personal finance ...
The Gold Ridge mine was the only operating mine in the Solomon Islands at this time, and contributed approximately 20% of the gross domestic product of the Solomon Islands economy. [citation needed] In April 2014, St Barbara shut down the Gold Ridge mine following flash floods. A few weeks later, St Barbara employees were banned by the Solomon ...
In December 1992, MMM-Invest was created as a voucher investment fund, a type of entity created to collect privatization vouchers. [8] It was renamed Russ-Invest in May 1995, to distance it from the MMM scheme. [8] The MMM Ponzi scheme was launched in February 1994, [9] promising annual returns of up to 3000 %. [10]
SYDNEY (Reuters) -Australia's Defence Minister Richard Marles said on Tuesday Solomon Islands' newly elected Prime Minister Jeremiah Manele had told him the Pacific Island nation is undertaking a ...
Bauxite mining on Rennell Island began on the west side of the island in about 2011. Rennell Island is part of the Solomon Islands in the Pacific Ocean. [1] Bintang Delapan Group is one of the major operators of the mine, subcontracted by Asia Pacific Investment Development.
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