Audit Says Kabul Bank Began as ‘Ponzi Scheme’

KABUL, Afghanistan —Kabul Bank  became Afghanistan’s largest financial institution by offering the promise of modern banking to people who had never had a saving or checking account. What it really dealt in was modern theft: “From its very beginning,” according to a confidential forensic audit of Kabul Bank, “the bank was a well-concealed Ponzi scheme.”- Audit Says Kabul Bank Began as 'Ponzi Scheme' - nytimes
Fraud Trial Begins in Multimillion-Dollar Afghan Bank Scandal