Crime & Law · World
Turkey Liquidates Funds Amid 'Ponzi-Like Scheme' Allegations
Turkish authorities are moving to liquidate assets in funds managed by a local entity, affecting approximately 300,000 investors. This action follows concerns that the funds may have inflated valuations, with allegations describing the situation as a 'Ponzi-like scheme'. Major local banks are involved in the process of selling the assets.
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- Centre (2): Bloomberg, Financial Times