Online fraud thrives in Colombia

Global Business

Colombian financial authorities are investigating what’s believed to be new Ponzi schemes. Six firms are accused of luring victims into an online pyramid fund that promised returns of more than 100 percent. Colombians have a troubled history with this kind of fraud as in 2008, DMG Holdings SA stole more than $400 million dollars from citizens . Why are these crimes still thriving? CCTV’s Michelle Begue has this story from Bogota.

Online fraud thrives in Colombia

Online fraud thrives in Colombia

Colombian financial authorities are investigating an alleged Ponzi scheme. Six firms are accused of luring victims to sign up for an online pyramid fund that promised returns of more than 100 percent. CCTV's Michelle Begue has the story from Bogota.
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