Z Squared, accused of running a Ponzi scheme, is issuing stock to alleged victims
Barron's reports that Z Squared began trading on Nasdaq in April as part of a plan to get investors out of a private-equity fund. It describes investors left holding stock that crashed.
TLDR
Barron's describes an alleged $1.2 billion Ponzi scheme that left investors holding stock that crashed. It reports that Z Squared, a group accused of running a Ponzi scheme, is issuing stock to alleged victims. Z Squared began trading on Nasdaq in April as part of a plan to get investors out of a private-equity fund.
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