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The lawful struggle was arduous, with the plaintiff presenting proof with the scheme's fraudulent character. The court's selection to award $six.two million in damages was based upon the substantial losses incurred because of the plaintiff, who had invested her everyday living personal savings to the scheme.

The ruling emphasised the defendants' breach of trust and their deliberate intention to defraud buyers.

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SINGAPORE - A Hong Kong woman who shed hundreds of thousands in the Ponzi scheme that promised buyers they would win money gambling against casinos, has failed in her lawsuit to Recuperate her losses from a Singapore pair who obtained her to speculate.

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Ponzi techniques are fraudulent expenditure frauds promising significant returns with very little danger to investors. They create returns for before traders with money taken from later on traders, rather than from earnings acquired with the operation of the legit organization.

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