News about PONZI

News about Ponzi

How money is created in Canada…what a ponzi

submitted by /u/cryptoenthusiast84 [link] [comments]

SEC Busts BKCoin for Running $100M 'Ponzi-Like Scheme'

<p>The US <a href="https://www.financemagnates.com/terms/s/securities-and-exchange-commission-sec/" class="terms__main-term" id="3718b4df-fc5f-479a-861e-f52759439c15" target="_blank">Securities and...

The HEX ponzi cultists strikes back: Their YouTube influencers mocked our comments and the Reddit community wrote long counter posts, calling us uninformed and a great source for inverse trading

Brief history Over the recent couple of weeks, there were three major posts here that called out HEX for being a ponzi and a scam and highlighted that its founder Richard Heart is a known scammer and fraud. I made a post to cover the angry resp...

A Central Bank Ponzi Blowing Up: Hyperinflation and the rise of Bitcoin in Lebanon

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

Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain

Oregon's federal grand jury indicted Forsage's founders. "Global Ponzi and pyramid scam" investors lost $340 million on the site. (Read More)

The HEX community is mad at us for calling their project a scam and a ponzi - they discussed our posts and comments on Youtube, Twitter, and Reddit

Over the past 10 days, three posts were made that covered HEX. These posts each took a different angle but can be summarized as claiming that Hex is a scam and a ponzi, and that its founder Richard Heart is a known scammer. You can find these p...

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...

HEX has no use case and in essence acts as a scam and a ponzi - please stay away

What is Hex? HEX is a token on the Ethereum network that advertises itself as a way to earn 40% per year with “certificates of deposit.” Hex is different because it’s being sold as an investment furnishing returns, uses banking terminology, and...

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...

The US Dollar Is A Ponzi You Shouldn't Invest In

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

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 finds customer deception, ‘very Ponzi-like’ use of funds at Celsius

The court-appointed examiner found many intentional and unintentional shortcomings at the bankrupt crypto lender dating back to its founding. Court-appointed examiner...

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...

Irish Central Bank Calls Crypto Ponzi, Urges Ban On Crypto Advertisements

In the past, the Irish Central Bank has been critical of crypto and digital assets. Ireland’s Central Bank governor, Gabriel Makhlouf, has now urged lawmakers to ban crypto advertisements. According to the Ireland Central Bank, cryptocurrency a...

Self-Proclaimed Satoshi Craig Wright Sees No Bitcoin (BTC) Narrative Outside Pyramid and Ponzi Scheme - U.Today

Self-Proclaimed Satoshi Craig Wright Sees No Bitcoin (BTC) Narrative Outside Pyramid and Ponzi Scheme& & U.Today

my greatest achievements in my life so far..and yet my whole family and wife is fully against it and label the bitcoin as ponzi and casino so what I did I keep hiding to them that I accumulating Sat's since the last bullring.. I'm down 50% but still I'm h

submitted by /u/pororo_007 [link] [comments]

Over 800 Victims of BitConnect Crypto Ponzi Scheme To Receive $17,000,000 in Restitution, According to U.S. DOJ - The Daily Hodl

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

Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme

More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Inv...

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