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Hansa potentially another Ponzi
Thursday 29th of September 2016
A Ponzi is a scheme where investors are paid from the investments of others, not through real investment returns.
The Financial Markets Authority and Serious Fraud Office said in July they were investigating Paul Clifford Hibbs, and his company, Hansa.
Hibbs offered investment advice services to high-net-worth clients. He was not a registered or authorised financial adviser.
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