Ponzi Schemes: ICAC Suspends Five Employees
11 years ago - April 26, 2013
The Anti-Corruption Commission (ICAC) has announced the suspension of five employees who have committed a breach of the code of ethics of the institution investing in Ponzi schemes subject at this time, a series of police and financial investigations.
The five employees are not part of the staff investigator says in a communication Thursday afternoon April 25, the ICAC. "A formal internal investigation was initiated, conducted by the Intelligence Team of the Commission. Disciplinary actions were initiated on April 15, according to the legal parameters and code of ethics, ethics and internal discipline of the ICAC, "announces the ICAC said that these employees have invested money in financial pyramids.
The employees have been suspended "according to established procedures, pending the outcome of the internal investigation," said the ICAC.
The commission says they can not confirm reports that the employees were acting as agents of the companies complained. "An internal investigation has shown nothing in this regard so far,"the statement said.
The ICAC also participates in investigations of these agencies operate pyramid schemes coordinated by the Asset Recovery Office.
