News about PONZI SCHEME

News about Ponzi Scheme

Ireland's central bank governor slams Bitcoin as a 'Ponzi scheme' - Finbold - Finance in Bold

Ireland's central bank governor slams Bitcoin as a 'Ponzi scheme'& & Finbold - Finance in Bold

Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’

Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s...

US Senator John Kennedy Calls Banks "Sophisticated Ponzi Schemes" On Live TV

submitted by /u/marsangelo [link] [comments]

US Senator: "Banks exist on the basis of trust. They're really just sophisticated ponzi schemes"

submitted by /u/KAX1107 [link] [comments]

US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion

Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar...

Buy Bitcoin before the rest of the world wakes up to the massive PONZI scheme the U.S has been running!!

Another bank on its way out.! submitted by /u/Crypto-hercules [link] [comments]

Bitcoin's Decade in the Headlines: A Journey Through 10 Years of BTC News, From FUD to Ponzi Schemes

I checked numerous articles between 2013 and 2023 filled with FUD surrounding BTC. I will share one article from each year to make some valuable points in the TL;DR segment. Happy reading folks! 2013 ₿ The Economist - The Bitcoin bubbl...

Twitter Rips Into Elon Musk's New Crypto "Ponzi Scheme"

submitted by /u/ImaFreemason [link] [comments]

TRX has become a literal Ponzi scheme, and is following a hybrid playbook from SBF, Clesius and Do Kwon. I still see people talk about this like it's a regular shitcoin, it's not. Since USDD was launched in 2022 it's become a direct scam.

USDD is a ponzi scheme which is slowly unraveling in the background. It's a textbook flywheel and I have no idea why people aren't talking about it. Especially given Justin has a history of rug pulls and scams. USDD was launched by Justin Sun...

Multiple US state regulators allege AI trading DApp is a Ponzi scheme

The scheme allegedly claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could. Securities...

Instagram Bitcoin "Mining" Ponzi Schemes

Who else has been seeing these lately? I have a friend on Instagram who now claims to have made $700k+ in less than a month from an initial investment of <$10k to this @_____forextrader2023 account (not going to share the actual name so I don'...

Founders of Multimillion-Dollar Global Crypto Ponzi Scheme 'Airbit ... - Bitcoin News

Founders of Multimillion-Dollar Global Crypto Ponzi Scheme 'Airbit ...& & Bitcoin News

Founders of Multimillion-Dollar Global Crypto Ponzi Scheme ‘Airbit Club’ Plead Guilty

The founders and promoters of multimillion-dollar cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to various criminal charges. Airbit Club victims were promised “guaranteed daily returns on any membership purchased,” the U.S....

AirBit: Execs Of Fake Crypto Trading Firm Plead Guilty To $100 Million Ponzi Scheme

Six executives of the Ponzi scheme AirBit Club have admitted their guilt in a fraud and money laundering scheme that allegedly bilked victims out of $100 million, according to prosecutors. On March 8, one of the founders, Pablo Renato Rodriguez, ple...

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly dec...

Forsage Co-Founders Indicted For Operating Multi-Million Dollar DeFi Ponzi Scheme

There have been many crackdowns on the crypto space by regulators. Some of the recent ones involved Kraken, Coinbase, and Paxos. These cases were linked to compliance, staking, and stablecoin minting. However, a new case in decentralized finance (De...

US Indicts Four Co-Founders of $340M Forsage Ponzi Scheme

<p>The United States authorities have charged four co-founders of the cryptocurrency <a href="https://www.financemagnates.com/terms/p/ponzi-scheme/" class="terms__main-term" id="43e13ed7-9295-4761-824f-9d9c98eb15a5&q...

Forsage founders indicted over $340M DeFi ‘Ponzi scheme’

According to the Department of Justice, Forsage employed smart contracts that were coded in ways consistent with a Ponzi scheme. The founders behind the alleged $340 m...

Is HEX a Ponzi scheme or any other type of scam?

Is Hex token a Ponzi scheme? I will try to gather all the information for you directly from their website and let you make your own decision. And we are off on this great adventure, luckily for us "Is HEX a Ponzi scheme" is on their f...

CFTC Busts California Firm and CEO for $7M Crypto Ponzi Scheme

<p>The US Commodity Futures Trading Commission (CFTC) has charged California-based Vista Network Technologies and its Chief Executive, Armen Temurian, for fraudulently soliciting more than $7 million in <a href="https://www.financemagna...

Bitcoin Sent to Alleged Ponzi Scheme Were Commodities, Suit Says - Bloomberg Law

Bitcoin Sent to Alleged Ponzi Scheme Were Commodities, Suit Says& & Bloomberg Law

Whale Associated with Chinese Ponzi Scheme Becomes The Fifth Biggest MATIC Holder

According to the on-chain blockchain security and data analytics company PeckShield, a wallet address associated with a Chinese multilevel marketing (MLM) Ponzi project has amassed more than 22.37 million MATIC in the past few days. The Chinese MLM P...

Greg Foss: "The fiat currency system is a ponzi scheme, Bitcoin will change the world"

submitted by /u/No-Wolverine1275 [link] [comments]

Help me understand why a project is a Ponzi scheme

Hello everyone, So, first of all I want to pinpoint the fact the I spent my last two years learning as much as possible about the crypto markets, or just markets in general and I am trying my best to avoid the general newbie pitfalls that comes withi...

Examiner’s Report Confirms That Celsius Operated Like A Ponzi Scheme

The court-appointed independent examiner for Celsius’ bankruptcy case filed the final report earlier today.& The report found that the bankrupt crypto lender used customer deposits to fund withdrawals on multiple occasions.& Customer funds w...

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