Sentences with phrase «most ponzi schemes»

Most Ponzi schemes come to court after the scheme has collapsed and the creditors seek recovery under bankruptcy legislation or provincial legislation dealing with fraudulent conveyances or preferences.

Most Ponzi schemes die rapidly because of the greed and impatience of the promoters.

Not exact matches

Bitconnect had recently been accused of running a Ponzi scheme — the financial fraud most famously perpetrated by Bernie Madoff — by several influential investors, including Ethereum co-founder Vitalik Buterin and billionaire cryptocurrency investor Mike Novogratz.

Most of Bitcoin's supporters, meanwhile, seem to be hackers whose resources depend upon the Ponzi - scheme nature of the enterprise itself.

Prior to 2012 the company was the most valuable forestry company to be listed on the TSX, however it quickly fell from grace when Carson Block — a short - seller from Muddy Waters Research, called the company a Ponzi scheme.

Ponzi, or pyramid schemes can be so brilliantly organized and presented that they can fool the most savvy business investors.

The psychological origins of both Bernard Madoff — scale Ponzi schemes and the mundane dishonesties most of us partake in — filching office pens, padding expense reports or secretly toting a counterfeit designer purse — are the subject of Ariely's The (Honest) Truth about Dishonesty.

Slick, smart «Tower Heist» is a timely comedy caper with Ben Stiller as the infuriated manager of one of New York's most luxurious residences who's determined to wreak revenge against a Wall Street tycoon (Alan Alda) who masterminded a Ponzi scheme that swindled the employees» pension fund.

It turns out, the investment that is most often preferred was a fund managed by Bernie Madoff, who was arrested in 2008 for what would become history's largest Ponzi scheme.

The most recent, high - visibility version of this would be the Bernie Madoff Ponzi scheme, which was supposed to pay back great returns for investors, but ended up wiping out significant sums of money from many prominent (and a much larger number of not - so - prominent) people.

One of the simplest yet most effective investment scams is the ponzi scheme.

**** STT has pointed out just a few times that the wind industry is little more than the most recent and elaborate Ponzi scheme in a list that dates back to «corporate investment classics», like the South - Sea Bubble and Dutch tulip mania.

Ars Technica has run down some of the most notable Bitcoin hacks and frauds over recent years, from massive hacks and Ponzi schemes to Bitcoin wallet services that have mysteriously vanished with all their customers» Bitcoin after being «hacked».

Most recently, on February 7, 2018, Jim Yong Kim, President of the World Bank, questioned the legitimacy of cryptocurrencies, saying that they are like Ponzi schemes.

This week the Kingdom of Thailand announced its major regulators would team up in order to better educate its people about the world's most popular cryptocurrency, bitcoin, openly worrying it might be a Ponzi scheme.

One of Asia's most prominent banking institutions has called bitcoin a ponzi scheme, signaling continued resistance to one of the most groundbreaking developments in recent history...

Most of these come in the form of Ponzi Schemes, phishing sites, and malware attacks.

Perhaps the most common types of scams are projects categorized as pyramid or Ponzi schemes.

The most common ones in the cryptocurrency investment space are high yield investment schemes (HYIPs), which promise high daily or weekly returns but are nothing more than Ponzi schemes and fraudulent initial coin offerings, where the perpetrators raise funds for a fictitious blockchain project and then disappear with the money as it was the case with Confido.

«I hereby make a prediction: Bitcoin will go down in history as the most spectacular private Ponzi scheme in history,» details North.