• Sign up
  • ‎What is Shvoong?‎
  • Sign In
    Sign In
    Remember my username Forgot your password?

Summaries and Short Reviews

.

Shvoong Home>Newspapers>Spain>Swindled out Summary

.

Swindled out

Newspaper Summary by: Laclaire    


This abstract was translated from Diario de Mallorca
This article is about Laura, a girl that invested 1.000.- Euros, hoping to get 8.000.- in return. The mechanics of this investment
were that Laura had to contribute the money, plus two more people willing to invest. She "contributed" some of her relatives to the wheel, and now they complain bitterly that they couldn''t recover a cent, since the business broke when the wheel was stopped for lack of contributors ready to "invest".
The problem for Laura went beyond the loss of the money, for she had it loaned to her. Laura states that they were "brainwashed", so that they would find new investors, and adds that at the meetings they could see the promoter of the wheel cashing in 8.000.- Euros.
A month before, the existence of these "wheels" was detected in Ibiza, where a police investigation is taking place.
It is not a sect, although some of its workings are similar to one.
Published: July 08, 2008
Please Rate this Review : 1 2 3 4 5

Bookmark & share this post

.