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79th Group – the façade continues to crumble, ponzi fraud runs out of cash

By Tom Winnifrith | Saturday 29 March 2025


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


As with all Ponzi schemes once the flow of new monies stops, the cracks in the scam start to appear. In 79th Group case this was initially triggered by the City of London Police announcement of fraud investigation against the 79th group and arrest of the four senior individuals at the group believed to be David Webster, his sons Jake and Curtis and the CEO Natalie Bellis. Further signs of the collapse of the 79th group are now starting to appear.
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