Reply to post: Could someone please enlighten me, and perhaps others

Plutus Payroll clients and staff fell for plausible business model fairy tales

M7S

Could someone please enlighten me, and perhaps others

According to the quote attributed to Munk, it seemed to be going fine before Synep came along.

Does this mean that Plutus's original business model was in fact valid, or was it some kind of accidental Ponzi scheme that just took a long time to start to crumble?

If, as I infer from this, it was the Synep takeover that made things go wrong, essentially as they appear to have been crooks and drained the money in order to purchase all the goodies mentioned in another Reg article on this affair, then there seems to be an unwarranted bashing of the original concept.

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