About Caribbean Ponzis and Pyramids

There has been strong criticism in some circles over the use by pyramids and Ponzi schemes of monikers attached to longstanding traditional, informal savings associations that operate legally. 

Names such as “Sou Sou”, “Box Hand” and “Partners” are now widely employed in the marketing of unlawful Ponzi and pyramid operations. A sou-sou (also “susu”) is a type of informal savings club involving a small group of people within communities, families and workplaces who make contributions to a common fund with rotating disbursements of the pool of funds to members of the group. The concept is said to originate in West Africa and is in evidence throughout the Caribbean. In countries such as Antigua and Barbuda and Guyana, it is also known as “Box Hand”. “Partner” (also “Paadna”) plans are based on the same system and is popular in Jamaica.

COVID-19, Meet Hurricane Season

As The Corona Virus Batters The Virgin Islands’ Tourism Economy, The Lifeblood Of The Caribbean, Residents Prepare For Hurricane Season Amid Worries About Social Distancing In Shelters. Tortola, British Virgin Islands

Ask anyone in the British Virgin Islands what happened on September 6, 2017 and you will hear detailed accounts about how they survived Hurricane Irma, the Category Five hurricane that killed four people, injured 126 and flattened large swaths of the 60-island archipelago. “All we saw was white,” recalled Christine Ferreira, a native Trinidadian who has lived in the territory for over 20 years. “The roof was blown out, and when we left the room we were sheltered in during the eye of the storm, we were blinded by the light.”

Islanders here call their experiences “survivor stories.” 

Their resilience was on full display as they battled the Covid-19 pandemic. “I think after Irma, we all felt like if we can get through that, we can get through anything,” said Christi Maddox, owner of Villas Virgin Gorda, a vacation rental agency on the island of Virgin Gorda.