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The Oxford Club is an independent financial research publisher and a private network of investors and entrepreneurs, headquartered in Baltimore, Maryland. [1] [2] It has more than 120,000 members [3] in 100 countries. [2]
In early 2019, in the Kapa investment scam, the Philippine government shut down Kapa-Community Ministry International and its self-declared pastor, Joel Apolinario. [citation needed] In January 2020, the SEC filed a federal case against a Californian couple, Jeff and Paulette Carpoff, charging them of organizing a $910 million Ponzi scheme.
Each Agora company is independently operated. U.S.-based member companies of The Agora's network include: Agora Financial, Laissez Faire Books, Common Sense Publishing, The Oxford Club, Money Map Press, Wall Street Daily, Bonner and Partners, TradeSmith, NewMarket Group, Institute of Natural Healing, Banyan Hill Publishing, and Omnivista Health.
NEWARK−A Belmar man who authorities say ran a scam he called an "investment club" for more than 35 years, taking some $5 million from 30 investors, many of them elderly, and spending the money ...
Case 1 follows New Age evangelist Lydia Cladek, who uses fake auto financing deals to scam $113 million from 20E6406 investors. Case 2 follows Ronnie Gene Wilson, who warns investors that he will invest their money in precious metals to prepare for an upcoming collapse in the US Dollar, only to use the money on a farm and doomsday bunker. [30]
When other investors begin to participate, a cascade effect begins. The schemer pays a "return" to initial investors from the investments of new participants, rather than from genuine profits. Often, high returns encourage investors to leave their money in the scheme, so that the operator does not actually have to pay very much to investors.
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The 162-page list of clients (without investment amount), filed in United States bankruptcy court in Manhattan, was made public on February 4, 2009. [3] [4] [5] Some of the clients profited. [6] Thousands of individual investors of Fairfield Greenwich, J. Ezra Merkin's Ascot Partners, and Chais Investments are not included. [7]