Fraudsters are always around the corner and attempting to replicate the ruinous Ponzi scheme to the detriment of unsuspecting investors it never sets. The latest case, which the Guardia di Finanza is investigating, exploded in Florence and, according to reports from Il Sole 24 Ore, has as its protagonist an adventurous financial consultant of Dominican origins, such Ronald Thomas Euphraciain who, despite not being registered in the register of consultants authorized to collect off-site savings, seems to have managed to defraud a lot of professionals on the banks of the Arno with his company Taurus.
A scam in 6 moves: this is what happened on the banks of the Arno
The scheme with which the self-styled financial advisor worked seems to have been similar to the one used at the time by Bernie Madoff, one of the greatest scammers in history, who then as now had the opportunity to develop into 6 moves:
- promises of high returns;
- first slowdowns in the relegations of the interests motivated by the market crisis;
- Primi doubts of customers on the real existence of a correct management system;
- request clarifications in public of customers to managers;
- reassurance managers with the simple goal of procrastinating the collapse of their fraudulent fundraising and management system;
- final collapse which regularly arrives with or without – as told by Il Sole but also by the Florentine press – the escape of the great fraudster.
Financial scams: the self-styled Dominican consultant had adventurously invested above all on the NASDAQ
According to the first investigations, conducted by the GdF under delegation from the Florence prosecutor's office, there would have been one who fell into the network fifty professionals with damage that oscillates for now between 3 and 4 million. To precipitate the situation would have been the Nasdaq crash, having the fake advisor mainly invested in the most appetizing stocks on the circuit American high-tech which in fact last year marked a spectacular rise but which this year is paying heavily for the financial market crisis since the Fed's monetary policy tightening arrived. But the Florentine investigation is only in its infancy and we cannot rule out much greater shortages.
