Atlantic Global Asset Management (AGAM), operating from approximately 2016, presented itself as an asset management company registered in Cape Verde. It solicited funds from the public by selling "investment portfolios" with promised weekly returns of 4-6%, amounting to over 200-300% annually. The company claimed these returns were generated by a team of 25 managers handling securities, IPOs, and real estate. In reality, AGAM operated as a classic Ponzi scheme, using funds from new investors to pay earlier ones. It was inextricably linked with another entity, Questra World, which acted as its promotional and multi-level marketing arm. The entire operation collapsed, resulting in significant financial losses for investors worldwide, and numerous regulatory warnings were issued against it.

Founded in

United Kingdom