KAT Exploration Inc (KATX)

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KATX is a Ponzi scheme

Ponzi scheme definition
a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.

Why Kat Exploration is a Ponzi scheme
A Ponzi scheme is a fraudulent investment operation where the operator, an individual(Ken Stead) or organization, pays returns to its investors(his brothers) from new capital paid to the operators by new investors(suckers), rather than from profit earned by the operator.

WOW - Ponzi scheme = Kat Exploration