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Recession-hit Argentina gripped by ‘Ponzidemia’

By Inquirer - Now
Buenos Aires, Argentina — A quiet Argentine town best known for its oranges has become the symbol of a Ponzi scheme plague sweeping the crisis-hit nation that has cost thousands of people their savings. Nearly 30 percent of the population of San Pedro, a town of 70,000 people situated about 170 kilometers (106 miles) north

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