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English
Description
A history and anthropological analysis of one of Papua New Guinea's worst Ponzi schemes in the late 1990s.
In the late 1990s and early 2000s a wave of Ponzi schemes swept through Papua New Guinea, Australia, and the Solomon Islands. The most notorious scheme, U-Vistract, attracted many thousands of investors, enticing them with promises of one percent interest to be paid monthly. Its founder, Noah Musingku, was a charismatic leader who promoted the...
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