The Dominican Republic’s Superintendent of Banks, Alejandro Fernández W., reported that the entity will present the first proposals of its draft law to various social sectors in early 2023, under which the use of Ponzi schemes will be criminalized in all circumstances. According to many definitions on the web, the Ponzi scheme is a “scam” pyramid project in which scammers pay the interest on investment using money already invested or money from new investors.
“We already have the first draft; we hope to present it to the media, and also to the Legislative Power, by the beginning of next year, by January, to present our proposals to classify this type of…
