Sentences with phrase «ponzi schemes by»

Regulators in the United States have continued to crack down on smaller virtual currencies like Bitconnect, which has been described as a Ponzi scheme by many in the industry.

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.

TD Bank was accused in Coquina's 2010 lawsuit of playing a crucial role in Rothstein's Ponzi scheme by assuring investors that their funds were locked in a special account and were safe.

Bitcoin was termed as a ponzi scheme by a senior leader of the national ruling party.

But recently, Bitcoin was termed as pyaramid - ponzi scheme by a BJP MP Kirit Somaiya.

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.

Earlier this month, the SEC charged two bitcoin mining companies, GAW Miners and ZenMiner, both owned by Joshua Garza, with operating a Ponzi scheme.

Authorities said Platinum operated «like a Ponzi scheme» by using new money to fund redemptions by earlier investors, which were referred to internally as «Hail Mary time.»

«Beginning in November 2014 and continuing until his arrest in March 2016, CASPERSEN engaged in a Ponzi - like scheme to defraud investors, including his close friends, family members, and college classmates, by falsely claiming that their funds would be used to make secured loans to private equity firms and would thereby earn an annual rate of return of 15 to 20 percent.

Rather, CASPERSEN operated a Ponzi - like scheme in which he misappropriated investor funds from the Fake Fund Accounts and converted them to his own use and use by others, including by using investor funds to meet CASPERSEN's periodic interest payment commitments to earlier investors.

Central banks are running nothing short of a «Ponzi scheme» by printing infinite amounts of cash and cutting interest rates to record lows, an analyst told CNBC.

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

In characteristically subtle fashion, Gross noted in his August PIMCO Investment Outlook column that stock investment is a fading cult resembling a Ponzi scheme buoyed by past returns that were a «historical freak, a mutation likely never to be seen again.»

Other investor funds solicited by Simmons were used by the owner of the Hedge Fund in the Ponzi - like scheme to make payments to prior Hedge Fund investors, Berman said.

Being a mathematician by education I am stunned to see that «new brave world» where many ppl believe that Ponzi scheme could go for a while.

The largest Ponzi scheme to date was operated by Bernard Madoff.

In light of the losses suffered by investors in the recently publicized Madoff Ponzi scheme, many investors are concerned about the safety of their own investment accounts.

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money, or the money paid by subsequent investors, instead of from profit earned by the individuals running the business.

Like every other attempt throughout history to control the laws of economics and perpetuate Ponzi schemes, the current attempt by Central Banks globally will end with a spectacular collapse.

In a typical Ponzi scheme, the «returns» of early investors are paid with money from later investors who are continually lured in by the purported success of the earlier investors.

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.

Not in the manner of Ponzi schemes, but by the even more devilish leaky faucet in which a significant portion of the returns of the capital markets are diverted away from Main Street investors and into the arms of Wall Street and the insurance companies.

Other investor funds solicited by Simmons were used by the owner of the Hedge Fund in the Ponzi - like scheme to...

It is created by the same person who founded ponzi scheme -LSB-...]

One of the problems with Bitcoin is the extent to which it is just a gigantic Ponzi scheme,» the Shadow Home Secretary continued her explanation of the risks posed by Bitcoin.

That's why all the financial managers would love to do what Bernie Madoff did and do a Ponzi scheme, because it's really easier to do that than to actually make money by being productive.

Religion is deceit, a glorified supernatural Ponzi scheme designed to defraud the feeble minded, and its adherents are by definition either dishonest, or delusional.

LDS is a cult, a ponzi scheme and Mitt Romeny's gggrandfather was one of the founders who taught that the U.S. would one day be saved by LDS and become a theocracy.

Use or post, without authorization, any content protected by law (e.g. copyright, trademark, patent, utility patent, design patent or other intellectual property (IP) laws), or advertise, promote, offer or distribute any goods or services protected by law; v. Use, post or promote any commercial practices considered unfair competition, including progressive customer acquisition practices (such as chain distribution systems, Ponzi schemes, illegal multi-level selling or pyramid sales).

People duped by Ponzi schemes couldn't really see themselves as gullible when they get paid a huge return and consequently reinvest.

You could say the same thing about anybody take in by 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-...]

uhh he was a ponzi financier who kept people signing on to his scheme by using new capital to meet promise of big guaranteed annual returns... and wenger is much the same tells fans he is bringing guaranteed football glory by selling off top players and bringing in cheap options while charging exhorbitant prices to fans who recall the glory days while siphoning off money to himself and board... its not perfect but it will do....

As many Nigerians, specifically the participants of the popular Ponzi scheme, Mavrodi Mondial Moneybox known as MMM, are hoping to unfreeze their accounts, the scheme had dump the use of Naira as mode of payment by introducing Bitcoin as the best performing currency.

Colon was known to hang out in the now - shuttered Harlem restaurant Hudson River Café, which was owned by Hamlet Peralta, a suspected con man recently arrested by the feds for operating a $ 12 million Ponzi scheme linked to the corruption scandal.

According to recently unsealed NY state court documents, Rechnitz was a recruiter for a $ 70 million Ponzi scheme involving Jason Nissen, a former math teacher busted last week and charged by Manhattan federal prosecutors with duping investors of his wholesale ticket business.

Prior to Spitzer's tenure, it was mostly used for smaller financial violations, such as «shady pharmacists, Ponzi schemes, and peddlers of fraudulent Salvador Dali lithographs,» according to a 2004 article in Legal Affairs by Nicholas Thompson, published prior to the revelation of the Bernie Madoff Ponzi scheme, for which Andrew Cuomo used the Martin Act when he was attorney general.

The Litwin charitable investments were nearly all managed by Bernard L. Madoff and substantially lost in his Ponzi scheme, which swallowed up many fortunes before being exposed in 2008.

His depiction of the privileged — ostentatiously devoid of other classes and races — might have been something to aspire to when «Manhattan» came out, but it's painfully divorced from reality now when so many well - to - do people have been hit by the dot - com bubble, ponzi schemes or what have you.

Chasing Madoff DVD Review by Kam Williams DVD Chronicles Whistleblower's Effort to Expose Madoff Ponzi Scheme By the time Bernie Madoff was finally arrested in December of 2008, Harry Markopolos had already been trying to expose his investment firm as a billion - dollar Ponzi scheme for yearby Kam Williams DVD Chronicles Whistleblower's Effort to Expose Madoff Ponzi Scheme By the time Bernie Madoff was finally arrested in December of 2008, Harry Markopolos had already been trying to expose his investment firm as a billion - dollar Ponzi scheme for yearBy the time Bernie Madoff was finally arrested in December of 2008, Harry Markopolos had already been trying to expose his investment firm as a billion - dollar Ponzi scheme for years.

Her brittle, shivery Jasmine is a Manhattan socialite whose world crumbles after the collapse of a Ponzi scheme run by her bigger - than - life fraudster husband, Hal (Alec Baldwin).

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.

Who needs The Wizard of Lies, a new made - for - TV drama about the wreckage left by Bernie Madoff's devastating Ponzi scheme?

My book called Gateway was published by a ponzi scheme agency.

My lender was shut down by the FBI for «ponzi» schemes and the company was shut down.

As for the early bitcoiners, it was actually kind of annoying because it then brought in all the skeptics calling it a «ponzi» scheme or «pyramid» scheme, despite the quite obvious fact that bitcoin can not be either by definition.

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.

Social Security now forces Americans to pay 12.4 percent of their income into a vast Ponzi - scheme totally controlled by 535 sitting politicians.

The largest Ponzi scheme ever was run by Bernie Madoff's scheme who stole $ 20 Billion dollars from more than 16,000 people including sophisticated investors and brokers.