QZ Asset Management a Ponzi scheme- BoN
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The Bank of Namibia (BoN) has declared the online business QZ Asset Management a Ponzi scheme after an investigation into its business dealings.
QZ Asset Management claims that it matches investments dollar-for-dollar, which doubles the client's profits.
They further claim that the capital is 100% guaranteed in the event of any losses and that they offer a 400% interest rate.
QZ Asset Management does not offer physical products for sale.