Dewey management accused of 'running Ponzi scheme' in lawsuit brought by ex-partner

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  • When I heard the phrase 'Ponzi scheme' used to describe the fiasco a Dewey some weeks ago, I first took it with a pinch of salt.
    After reading the evidence contained in the complaint from Henry Bunsow it is hard not to see the Dewey partnership system, at least in its dying days, really as a true Ponzi scheme.
    Quite incredible that such a prestigious firm could fall so low.

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  • Where can we get a copy of said complaint? Link please (assuming it is online)?

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  • It's like no ponzi scheme I've ever heard of - each 'victim' gets a guaranteed £3.2m dolla a year. Oh to be a victim.

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  • Oh dear... an interesting perspective...

    http://www.scribd.com/doc/96985827/Bunsow-Complaint

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  • For those who want the essentials, skip to para 24.
    Un-be-lievable.....

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  • WOW

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  • A copy of the complaint is now embedded in the article but for ease, see here: http://www.thelawyer.com/pdfs/TheLawyer_Bunsow_Complaint.pdf

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  • The identified defendants may not be the only ones dragged into this law suit.
    Does anyone know how to spell RICO?

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  • If it is the case, as this alleges, that Davis withdrew his capital when ousted as chairman: what a scumbag. If he managed to get his capital out, did any of the other ringleaders manage to do the same?

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  • I hope Anon @ 2.50pm is being facetious. If not I have a great investment opportunity for them with huge guaranteed returns for a small (large) unsecured downpayment...

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