TITLE

Offshore Mystery

AUTHOR(S)
Novack, Janet
PUB. DATE
October 2005
SOURCE
Forbes Asia;10/17/2005, Vol. 1 Issue 5, p30
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article investigates the involvement of a firm called Derivium Capital LLC in a Ponzi scheme. The Derivium deal called for the customer to get a loan equal to 90 percent of the value of his shares. If the stock went up, he could get it back by repaying the loan, with interest. If it was worth more, a borrower could pay off the loan and get the stock back, roll over the loan into a larger one or ask the stock be sold and take profits.
ACCESSION #
20957211

 

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