CNBS and its delayed response to the Koriun scam: what went wrong?
                    The anger of over 35,000 Hondurans impacted by the Koriun Inversiones pyramid scheme scam keeps increasing, as the National Banking and Insurance Commission (CNBS) faces backlash for not acting against the fraud. The victims claim they have been neglected by the entity in charge of overseeing financial activities and accuse both judicial and administrative bodies of being unresponsive.Inaction by CNBS regarding fraudulent activitiesSince the first signs of irregularities at Koriun began to be reported, the CNBS was aware of the situation but failed to take effective measures to prevent the scale of the fraud. Despite receiving formal warnings, the supervisory…                
                                    
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