The biggest global scam this is, that is rightly called a “Ponzi scheme” folks or the biggest scam in history.

https://www.google.co.nz/?gws_rd=ssl#q=ponzi+scheme+nz

Feb 22, 2016 – Christchurch-based Arena Capital, which owes clients $7 million, was running a simple Ponzi scheme, says a High Court judge. – New Zealand

• Liquidators go after ‘fictitious’ profit paid out to investors

As of last August clients were owed $7 million, while only $728,000 was in the company’s bank account. The liquidators have signalled they may try to claw back these allegedly “fictitious profits”.

Justice Cameron Mander, in a High Court stoush over how to treat funds deposited in Arena’s accounts after its assets were frozen, said the company did not conduct any trades.

” ‘Profits’ the clients were led to believe existed were in fact fictitious. Monies disbursed to clients to maintain the facade of an active operation were paid out from deposits from other clients. Arena was operating in essence a simple Ponzi scheme,” the judge said.