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November 13, 2008
When Investment Schemes Go Bad
They're rioting in Columbia over the collapse of a pyramid scam:
Thousands of Colombians have taken part in violent protests in several cities to demand the return of money invested in disreputable financial schemes.
Police used batons and tear gas to control angry investors and curfews were declared in several cities.
In Popayan in the south-western department of Cauca, 2,000 depositors stormed an investment firm's offices.
In Pereira, in Risaralda, police caught two men hurrying out the back door of a scheme's office with suitcases of cash.
They offered one of the cases to the police to let them go.
The BBC's Jeremy McDermott in Medellin says they are now in custody and that is the safest place for them, as conned investors have threatened to lynch them.
Posted by edelfenbein at November 13, 2008 10:18 AM
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