News
Number of plaintiffs in Empire Big Capital fraud suit up to 900
Some 900 plaintiffs have joined a class action suit against investment company Empire Big Capital, which is estimated to have defrauded tens of thousands of Cambodians out of up to $400 million, with more complainants expected to join the legal case in the coming weeks. ...
Kong Meta
http://www.phnompenhpost.com/national/number-plaintiffs-empire-big-capital-fraud-suit-900
Suits filed over ponzi schemes
Nearly 7,500 Cambodians who have fallen victim to ponzi schemes have come forward to file class-action lawsuits against three companies that allegedly cheated them out of nearly $60 million, officials said yesterday, estimating that the companies may have defrauded as many 50,000 victims to the ...
Hor Kimsay
http://www.phnompenhpost.com/business/suits-filed-over-ponzi-schemes
Ponzi scheme victims petition prime minister for intervention
Furious investors who claim they were cheated out of thousands of dollars by a now defunct financial firm that directed them to buy stock in a Hong Kong-based ponzi scheme set up camp in front of Prime Minister Hun Sen’s house on Thursday, imploring him ...
Khuon Narim
https://www.cambodiadaily.com/news/ponzi-scheme-victims-petition-prime-minister-for-intervention-112235/
Financial firms defend validity of investment scheme
A Cambodian company that encouraged clients to pour money into a Hong Kong-based investment firm, which is linked to an alleged ponzi scheme here, on Wednesday held a conference in Phnom Penh to reassure its investors that the scheme is legitimate. ...
Kang Sothear
https://www.cambodiadaily.com/news/financial-firms-defend-validity-of-investment-scheme-86498/