Ponzi scheme DMG to compensate investors $11.7M
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…
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…
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 reports. The…
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…
Colombian President Alvaro Uribe on Tuesday approved the extradition to the U.S. of Margarita Pabon, former legal advisor to pyramid scheme DMG, on charges related to the business’ money laundering activities. The…
Former DMG executive and lawyer Margarita Pabon broke her silence Wednesday to comment that her upcoming extradition to the U.S. to face money laundering charges is “unfair.” Pabon said she…
Alleged pyramid scheme DMG, whose head David Murcia has been extradited to the U.S., is part of a coalition party which has successfully registered Jairo Calderon as a candidate for…
Colombia’s Supreme Court Wednesday approved the extradition to the U.S. of DMG associate Margarita Pabon on money laundering charges. Pabon was a close aide of David Murcia, the extradited leader…
The brother of former DMG director David Murcia called a meeting in the southern Colombian city of Tunja Friday, at which he will explain to former investors how their lost…