Alleged Ponzi scheme victims fear they may never recover their money after the man they invested millions of dollars with suddenly vanished.
The man behind a collapsed sports betting business has disappeared, leaving investors fearing they are victims of a Ponzi scheme.
Nicky Hotop invested $13,000, with her returns reaching $95,000 but when she tried to withdraw the money she was met with excuses. Mr Abernethy said he also examined claims on the House of Sport website that $50,000 had been donated to a children’s cancer charity.Mr Abernethy has so far tallied more than $3m invested from 79 people.
“It’s Monopoly money ... just pixels on a computer screen. You know, there’s just nothing behind it at all.”
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