You'd expect footballers who earn a fortune to have financial advisors to check out things like this. If it sounds too good to be true it generally is.
Charles Ponzi was an Italian-born swindler who made a fortune in the 1920s in America and Canada. He took cash from investors, paid some of them quick dividends, got a reputation as a shrewd entrepreneur and quickly got more investors. Business ballooned but Ponzi wasn’t generating anything. He was simply recycling cash from new investors to pay earlier ones. His scheme ran for over a year, costing his victims $20million.
Have no sympathy, stupid money paid to them, stupid fools for believing any investment gains 20% a month and stupid amounts of money to burn.
all football clubs should employ a proper professional financial advisor who is paid by the club! that way! it stops the abuse! it may help them get players slightly cheaper on salary as they can show them how what they can earn will be worth more in the future.
Despised him as a player and now even more so as a human being after reading the latest update.
He was right up there with one of the worst, a feeble winger who constantly ran the ball out of play. Was so relieved when he left.
Made me angry reading about it being rife during our relegation season although being left with The Tree and a half fit Cody McDonald after Juke was flogged was never going to help our cause.
I wonder who else was involved at CCFC? Big Andy Thorn would definitely have fallen for it