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Manx court transfers alleged pyramid scheme proceedings to Canada

By Tom Rhys Davies

13 December 2016

An Isle of Man court has stayed its liquidation of an alleged pyramid scheme, Banners Broker, granting liquidators’ calls to transfer charge of the case to a Canadian court-appointed receiver for the sake of convenience.

Manx court transfers alleged pyramid scheme proceedings to Canada Credit: iStockphoto.com/JohnnyGrieg