EconomyTurkey moves to liquidate funds at centre of ‘Ponzi-like scheme’
Turkey is moving to liquidate funds at the heart of what has been described as a ‘Ponzi-like scheme’. Major local banks are set to sell assets held by the funds, which have about 300,000 investors, amid concerns that their valuations were inflated.
F
Financial Times★★★☆☆2026-09-18 12:38Original
Turkey moves to liquidate funds at centre of ‘Ponzi-like scheme’