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The CLICO case had a devastating impact across the caribbean in 2009. Some even questioned it was a Ponzi Scheme. In2 paragraphs explain the following:

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The CLICO case had a devastating impact across the caribbean in 2009. Some even questioned it was a Ponzi Scheme. In2 paragraphs explain the following: 2. What were the Regulatory failures and lapses that aggravated the situation? 3. Explain whether you agree or disagree that it was a Ponzi scheme

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