Sentences with phrase «ponzi scheme only»

Ponzi schemes only require a few people in their early stages to be successful.

Not exact matches

The only difference between this and a Ponzi scheme was Concrete Equities had some assets.

Ponzi schemes like Bernie Madoff's aren't the only ones perpetuated by greed and stupidity.

For some reason [Editor's note: * cough * never - ending fear - mongering from mainstream financial media * cough *], the only stories people seem to remember are those of Ponzi schemes, market crashes and investors losing millions.

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

In a Ponzi scheme, you can earn a percentage of your investment, only to lure you to invest more, and eventually end up with nothing.

The whole Christian thing is a giant ponzi scheme that only stupid people still believe in.

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-...]

But even the layman or committee member can appreciate only a few things need to go wrong to bring the whole ponzi scheme tumbling around our ears.

My personal feeling is that the only thing is left is a ponzi scheme.

Just like you said for Ponzi schemes «the only source of the so - called interest on the money was the contributions of future investors», for fractional - reserve banking the source of interest is the future profit made by lending the investor's money - to the investors themselves!

The Ponzi / Madoff schemes were closed loops, so the only source of the so - called «interest» on the money was the contributions of future investors.

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.»

Only Ponzi schemes should depend on confidence.

And therefore it requires different tactics from that of the ordinary Ponzi scheme, such as offering returns only moderately above average, satisfying redemption requests promptly, turning down some would - be investors (it would be interesting to know whether there was a tendency to turn down investors who might prove nosy or suspicious), and trading on a reputation earned in a legitimate business (Madoff's business of market making).

In court, his practice covers not only the general range of commercial disputes embraced in his arbitration practice but in addition he has appeared as Counsel in a number of fraud actions involving recovery of stolen property, Ponzi schemes, resolution of disputes between shareholders / joint venturers, breach of fiduciary duty, tortious conspiracy, professional negligence, structured financial products including Islamic finance.

There is a lot of scepticism surrounding cryptocurrencies, and the Indian government is doubling down on this trend by not only warning people against investing in Bitcoin and other cryptocurrencies, but also calling Bitcoin a «Ponzi scheme».

BitConnect did only fleece investors through an ICO; it also got them to recruit their friends and family for further fleecing in a ponzi scheme.

McDonald said of the GBI case: «As alleged, the defendants here preyed on customers interested in virtual currency, promising them the opportunity to invest in bitcoin when in reality they only bought into the defendants» Ponzi scheme.»

Its price rise has been driven purely by speculation — by what Robert Shiller calls a natural Ponzi scheme, in which early entrants make money only [because] others buy in.»

After his release in 2011, the MMM Ponzi scheme resurfaced only that now Mavrodi's target market became the African continent.

The director of enforcement for the CFTC, James McDonald, said in a statement that «the defendants here preyed on customers interested in virtual currency, promising them the opportunity to invest in bitcoin when in reality they only bought into the defendants» Ponzi scheme.»

With more and more people calling Bitcoin a «ponzi scheme», only time can tell what direction Bitcoin price moves in future.

James McDonald, the CFTC's Director of Enforcement, said that Dean «sought to take advantage of that public interest, offering retail customers the chance to use Bitcoin to invest in binary options, when in reality they were only buying into a Ponzi scheme.

As alleged, the Defendants here preyed on customers interested in virtual currency, promising them the opportunity to invest in Bitcoin when in reality they only bought into the Defendants» Ponzi scheme.

Like a Ponzi scheme, it could only last so long.