The Association of Trust Companies Malaysia, together with Life Insurance Association of Malaysia, Malaysian Financial Planning Council and the Financial Planning Association of Malaysia, among others, will be bringing their grouses about certain cash trusts to DAP National Public Complaints Bureau chairman and member of parliament for Kepong, Lim Lip Eng, on Wednesday (May 25).
The Ponzi scheme is named after Charles Ponzi, the first con artist to use investor funds to scam people. Read more about the history of Ponzi schemes on Fox News.