My dream of launching the world’s multi-Ponzi funds came to nought in 2020.The lift pitch was simple: First-In First-Out Funds identifies early-stage Ponzi schemes across the world targeting a fast revolving-door investment strategy.Despite receiving some interest from certain successful internet entrepreneurs (you wouldn’t recognise their names), FIFO remains on ice for now due to some minor regulatory issues. Allegedly, the FIFO product as described in the draft product disclosure statement would not be suitable for retail in...
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