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Tera Group
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Turkish investment bank Tera Group collapsed, with $14 billion in funds liquidated. The Department of Justice characterized it as a "Ponzi-like scheme."
Tera Group, an investment bank that once called itself the "Turkish Goldman Sachs," and its asset management arm, Tera Portfoy, have been classified by the Turkish Ministry of Justice as operating a "
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Turkish investment bank Tera Group collapsed, with $14 billion in funds liquidated. The Department of Justice characterized it as a "Ponzi-like scheme."
Tera Group, an investment bank that once called itself the "Turkish Goldman Sachs," and its asset management arm, Tera Portfoy, have been classified by the Turkish Ministry of Justice as operating a "
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Tera Group
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