Hi there,

I am actually looking for some case law regarding ponzi/pyramid schemes.

I'm dealing with an assignment whereby the applicant bought into the company expecting his investment in the shares to grow. However, the respondent avers that due to the covid-19 and lockdown issue, he is not eligable to pay the applicant in terms of the contract.

However, I want to aver that due to the nature of the company (being a ponzi sheme), the contract thereto would be somewhat void and the respondent would not be able to "hide" behind those terms.

Would you be able to assist me with any case law on that issue?

Thank you