Caritas (Ponzi scheme)

Caritas was a Ponzi scheme in Romania that was active between April 1992 and August 1994. It attracted millions of depositors from all over the country, who invested more than a trillion old lei (between US$1 billion and $5 billion) before it finally went bankrupt on 14 August 1994, having a debt of US$450 million ($888 million in current terms).

"Caritas (Romania)" redirects here. For the Catholic charity relief confederation, see Caritas (charity).
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