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City Police in London have warned of a major ponzi scheme, suspecting that CWM (Capital World Markets) maliciously targeted hundreds of members of the Gurkha and Nepalese community in the city, culminating in a potential scam worth an estimated $72.9 million (£50 million).
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The latest news surrounding the suspected investment scam stems from a multi-thronged investigation last year in May during which City of London Police warned that a number of members of the UK’s Gurkha and Nepalese communities were potentially at risk from CWM’s fraudulent fund. Following promises ... (read more)