Sentences with phrase «ponzi scheme at»

India's Ministry of Finance called Bitcoin a Ponzi scheme at the end of last year so this news is not surprising.

Is the modern, mixed economy a Ponzi scheme at the base?

That's why Shiller's book makes the case that the stock market is a Ponzi scheme at times of excessive prices.

Shiller's showing that the stock market is a Ponzi scheme at times of high prices will allow us for the first time to discover what it is we need to do as investors to insure that the stock market never again becomes a Ponzi scheme.

Some wine lovers who were ripped off by John Fox's Ponzi scheme at Berkeley's Premier Cru are now being taken again only this time, it's happening -LSB-...]

Not exact matches

As Vancouver Sun investigative reporter David Baines revealed in a series of articles, Eker has invited the likes of Milowe Brost, who is currently in prison awaiting trial over an alleged $ 400 - million Ponzi scheme in Alberta, convicted white - collar criminal Nick Thill, Michael Ruge, who was banned for life from dealing in securities by the BCSC, and Nick Lathigee, head of the failed Freedom Investment Club, to present at his «Millionaire School» events and received commissions for steering investors in their direction.

Ponzi schemes are designed to collapse at the expense of the last people to be lured to the party.

Senior officials at South Korea's financial watchdog have compared speculative trading in bitcoin to a «Ponzi scheme» and say they are mulling a ban.

«The price of virtual currencies rises because of the expectation that the next person will buy it at the desired price and this is quite like a Ponzi scheme.»

Ponzi schemes are designed to collapse at the expense of the last investors when there is not enough new participants.

Seems to me if this is correct then it disturbingly leads credence to the skeptics who claim Bitcoin is a ponzi scheme, or the claims by the UK whomever it was claiming that entire market would fall apart if everyone tried to cash out at once.

Ponzi schemes» promised returns are at a level that you can get only with lots of variability and volatility.

All PYRAMID or PONZI schemes ALWAYS fail at the top when potential buyers thin out.

Authorities have described at least some of the coins as Ponzi schemes.

To keep yourself at bay from fake pump and dumps, ponzis and schemes, first you need to learn differentiating.

In this classic, first published in 1978, the late financial economist Charles Kindleberger looks back at the South Sea Bubble, Ponzi schemes, banking crises and other mass disturbances of purportedly efficient markets.

At first, things seemed to stabilize, but then the Massachusetts U.S. Attorney stepped up investigations into Ponzi, and Ponzi's own publicity agent revealed the scheme in the Boston Post.

The term Ponzi scheme arose from the life of Charles Ponzi, who between 1918 and 1920 started an investment scam that at first was based on arbitrage.

He appeared at ministry events alongside Eddie Long, the Atlanta - area preacher who was sued over an alleged Ponzi scheme.

With about three million Nigerians involved in the scheme and huge investments at stake, the freezing of the MMM's accounts a month ago had sparked fears that the ponzi scheme had crashed.

An equity scheme that declares a monthly dividend is at best a Ponzi scheme.

If the stock market really can for a long period of time become a Ponzi scheme, we need to examine whether we should be investing in it at those times and encouraging our friends and neighbors and co-workers to do the same.

The full truth here is that at least one leading figure in the field, Yale Economics Professor Robert Shiller, has argued that during bull markets stocks become a Ponzi scheme.

At those levels, you're likely 1) Taking on a huge amount of risk, 2) In a Ponzi scheme, 3) all of the above.

This design is not intrinsically a Ponzi scheme: both the population and the economy ought to remain growing for the intermediate future, so there will be at least as much money (and probably much more) for them to pay those bills.

I mean living at the top of the New York Pyramid scheme this man makes Ponzi look like a respectable citizen.

Take a look, for example, at Richard Heinberg's The End of Growth, wherein we learn that «the world economic system is a kind of Ponzi scheme that is only kept going by the confidence of its participants,» and that «the Keynesian remedy doesn't cure the ailment but merely extends the suffering.»

Citibank has forcefully denied allegations by a former Dewey & LeBoeuf lawyer that the bank conspired with the now - defunct law firm to woo lateral partners with a Ponzi - like scheme aimed at paying off Dewey's debts to the bank, writes the Am Law Daily.

What was it like to work at the Fort Lauderdale firm of Scott Rothstein, the lawyer who now stands accused of running a Ponzi scheme that may have swindled more than $ 1 billion?

Juniors tried their hand at «accounting malpractice, ponzi schemes, and direct lawsuits» among other issues.

Or is a unified front between so many players as unlikely as, well, as unlikely as a $ 50 billion Ponzi scheme that went undiscovered for at least a decade?

Members of our team are regularly appointed by federal and state judges at the request of the SEC to oversee the liquidation of entities that were engaged in Ponzi schemes and other frauds.

The reported stories reflect at least 8 new Ponzi schemes worldwide and an average age of approximately 49 for the alleged... Read More

At worst, the news outlet repeatedly paints Bitcoin as a scam, fraud, Ponzi scheme or bubble by continually running stories spelling disaster for the dominant cryptocurrency.

At the end of last year, many crypto - enthusiasts voiced out their concerns about BitConnect revenue sources, claiming that it is a Ponzi scheme.

They also expressed concern that ICOs had become a vehicle for ponzi schemes and that the market was at risk of manipulation.

With continuing uncertainty in Greece, anxiety over the recent spam attack on bitcoin, and an unfolding litecoin ponzi scheme, the price of bitcoin may be at the center of an almost «perfect storm».

Now that the largest Ponzi scheme has crashed, this will likely have several impacts on the crypto community at large.

«It's a wonderful, powerful tool [ICO], but it's so easy to do like a ponzi scheme concealed as an ICO,» Marco Amadori, CEO of the Italian bitcoin company Inbitcoin.it and resident expert at the nonprofit Blockchainlab in Milan, told International Business Times.

«'' In terms of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I'm told the vast majority of cryptocurrencies are basically Ponzi schemes,» Kim said, according to Bloomberg.

Jaitley's public comments at the Indian Parliament today follows a public notice by the Ministry of Finance that cautioned citizens against investments in bitcoin and cryptocurrencies, likening them to ponzi schemes.

If Noble is serving as Tether's primary reserve bank, it would be a significant development, as it would indicate that — at the very least — Tether is not a Ponzi scheme and that its assets are backed by USD.

The sentiments have not gone well with current coin owners who continue to take a swipe at the company on social media networks terming it a Ponzi scheme.

tl; dr — Bitcoin is trading at a 70 % premium in Nigeria because the MMM ponzi scheme is at peak popularity in that country.

«It was a Ponzi scheme,» said an executive at a rival investor, who spoke on the condition of anonymity.