The European Kings Club (EKC) was a large-scale Ponzi scheme operated from 1991 to 1994 primarily in Switzerland, Germany and Austria by the German nationals Damara and Harald Bertges and Hans Günther Spachtholz. The EKC promised investors profit rates of 70% after buying "letters" for 1,400 Swiss francs each.
The European Kings Club (EKC) was a large-scale Ponzi scheme operated from 1991 to 1994 primarily in Switzerland, Germany and Austria by the German nationals Damara and Harald Bertges and Hans Günther Spachtholz. The EKC promised investors profit rates of 70% after buying "letters" for 1,400 Swiss francs each.
Source: Wikipedia "European Kings Club" · CC BY-SA 4.0
Share this article: X · Bluesky