Think of it as the wild west of financial system. People can skew the rules or laws by setting up saving and loan "banks" with promise of high return. Of course these are Ponzi scheme with the latecomers paying off the earlier ones, and eventually the "bank" collapses and the "entrepreneurs" simply disappear while many people lose their money.
So many "entrepreneurs" raising funds outside of the rule and law because they can't satisfy the financial regulations that protect the lay investors. And financial scams are lucrative?
She has "raised" hundreds of millions in this case. People losing the their life savings are furious. I'm sure in this case, these people have asked for her head. People who have had millions to start with are usually in the position of power, and they seem to get their wish this time.
So many "entrepreneurs" raising funds outside of the rule and law because they can't satisfy the financial regulations that protect the lay investors. And financial scams are lucrative?
She has "raised" hundreds of millions in this case. People losing the their life savings are furious. I'm sure in this case, these people have asked for her head. People who have had millions to start with are usually in the position of power, and they seem to get their wish this time.