Colombian Ponzi scheme DMG must pay victims $11.7 million, a Bogota court decided Tuesday. The court ruled that DMG, which Colombian authorities said was a pyramid scheme that laundered money for drug lords, must repay its...
Colombia’s finance minister expressed his concern Monday that suing the state is becoming “a national sport,” following a number of lawsuits resulting from the collapse of pyramid schemes, Caracol Radio...
Colombia’s former tax chief Carlos Espinoza on Wednesday denied accusations of helping David Murcia, head of pyramid scheme DMG, to launder money, claiming he was working undercover for the U.S. Drug Enforcement...
