The government advised citizens against this Russian
Ponzi scheme founded by Sergey Mavrodi.
It's a sad fact that, as investors in Bernie Madoff's
ponzi scheme found to their regret, that when the market tanks we discover who was swimming naked.
Not exact matches
It is created by the same person who
founded ponzi scheme -LSB-...]
It was a good thing he didn't because BitConnect was
found out to be a
Ponzi scheme.
I have
found that they are a very poor investment and are operated no differently than
Ponzi schemes.
It is treating the
schemes like a
Ponzi scheme where the liability keeps being put back so long as new entrants can be
found to prop the
scheme up.
A New York socialite ruined by the constant philandering of her husband Hal (Alec Baldwin) and, a bit less importantly in her mind, the revelation that his empire was
founded on dodgy
Ponzi schemes for which he's since been convicted, she's sent packing to San Francisco in search of work and more modest lodgings.
Not long after Rothstein replaced one recently purchased yacht with another, even grander yacht, Perez half - jokingly remarked to a lawyer - friend, «I wouldn't be surprised if, a few years from now, we
find that he's been running a massive
Ponzi scheme.»
He also compared them with
Ponzi schemes, Business Insider explains «Like in Mr
Ponzi's
schemes, those investors hope for future price gains and believe they will
find a greater fool to sell to before the inevitable crash.
Originally built in 1985 for Benjamin Sisti, the co-founder of Colonial Realty (later
found out to be a
Ponzi scheme), the mansion was purposely built with aggrandizing visions in mind.