WATER ‘PONZI’ THAT BURNED JEFFERIES HAD SOMETHING FOR EVERYONE, UNTIL IT DIDN’T
https://media.zenfs.com/en/bloomberg_holding_pen_162/582ef51997616fa9613206c0b6476602
✍️ A startup called WaterStation Management sold water vending machines to hundreds of investors, promising high returns. However, it was revealed that many machines didn't exist, and the company was accused of running a massive Ponzi scheme.
👉 WaterStation Management sold water vending machines to hundreds of investors 👉 The company promised annual returns of up to 20% 👉 Many machines didn't exist, and the company was accused of running a Ponzi scheme 👉 The company's business model was based on selling machines to multiple investors 👉 The money raised was used to pay returns to earlier investors 👉 The scheme was uncovered, and Wear and several others were charged with fraud
-- #RyanWear #JordanChirico #JustinRodriguez #JohnBender #BeckyYangO'Malley #KevinNooney #LosAngeles #Torrance #Everett #Washington #Oregon #Illinois #NewYorkCity #Chicago #Pahrump #Nevada #LasVegas #DeathValley #Missoula #Montana #FortMeyers #Florida #business
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