Brisbane Times
·australia
·1 hour ago
CloudTech Group faces scrutiny over ties to $2.8 billion Ponzi scheme
CloudTech Group, a Melbourne fintech partnering with RMIT, is overseen by two former executives of the collapsed HyperTech conglomerate linked to a $2.8 billion Ponzi scheme. US prosecutors allege HyperTech siphoned $2.69 billion globally from investors from June 2020 to November 2022. Concerns arise regarding RMIT's vetting processes for sponsorships amid this controversy.
Summary by OZbrief · Brisbane Times
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