“Given that Harlequin Properties is not currently making any profits, how can the Caldora Harlequin Income Fund pay investors 6% annually by investing in Harlequin?
Could it be that the 6% is coming from new investors’ capital alone? If so, isn’t that a Ponzi scheme?”
Fire Sale too!
It just keeps getting stranger and stranger over at Halecon.net where we are also told that Harlequin is holding a fire sale on villas. What used to sell for 325,000 pounds is now selling for 195,000 pounds. I’ll bet that makes previous purchasers pass wind!
Full story at Harlecon.net