Pension fund debts are rising fast

Pension fund debts are rising fast

EFKA debts. The Center for Collection of Social Security Debts (KEAO) has sent an ultimatum to some 300,000 debtors of the Single Social Security Fund (EFKA) threatening them with asset freezes, confiscation and auctions unless they settle their debts within three months. The goal is to collect an amount of 1.19 billion euros within 2022. … Read more

Ponzi schemes alive and well

Ponzi schemes alive and well

The collapse of get-rich-quick online scams doesn’t deter potential customers, who flock to new customers. [Shutterstock] Nearly 103 years ago, in December 1919, con man and former bank manager Charles Ponzi promised to double the money of those who invested in his newly founded company. A lucky few, who had entered first, did indeed succeed. … Read more