Sentences with phrase «ponzi scheme operator»
New York fraudster Bernie Madoff was the biggest Ponzi scheme operator, cheating investors out of an estimated US$ 64.8 billion.
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ASIC may be able to prosecute the ponzi scheme operators if they are operating in Australia.
A Bitcoin consultancy firm was established by the Ponzi scheme operators in Seoul which lured in unsuspecting investors by offering magnanimous profit margins and claiming that the corpus shall be invested in Bitcoin for garnering bigger returns in days to come.
Not exact matches
In fact, the operators of these investment clubs encourage people throughout the country to invest in bitcoin, and promise huge returns, yet this is not always the case, especially when investing in a Ponzi scheme - in fact, some of these schemes have gotten to the point of being hilarious, considering the fact that some promise a 100 % return on the initial investment.
The government began to crack down on the Ponzi scheme by targeting bank accounts, so the operators of the scam then began to require their victims to pay in Bitcoin.
Operators of Mavrodi Moneybox Mundial (MMM) Nigeria have set a temporary fund withdrawal limit for its participants as the level of investment in the alleged Ponzi scheme dipped since its return from a one - month hiatus on January 13.
A Ponzi scheme «operator» can...
The operators of the Ponzi scheme established a Bitcoin consultancy firm in Seoul, lured in investors in the market, and offered unrealistic profit margins, claiming that their money will be invested in Bitcoin.
Ultimately, the five individuals behind the Ponzi scheme were arrested, as investors requested a local police department to investigate into the scam many months after they did not receive any payouts from the operators.
A Utah federal court refused to order a firm to turn over commissions derived from the sale of two properties purchased by the operator of a Ponzi scheme.