Sentences with phrase «called ponzi schemes»

When later investment schemes replicated the Ponzi playbook they were called Ponzi schemes.

I won't call it a Ponzi scheme, but it's clearly a bubble.

Pyramid schemes are called Ponzi scheme, because his Pyramid scheme was the first famous case to litigate one.

Crypto pioneers, including Ethereum founder Vitalik Buterin and Litecoin founder Charlie lee, have spoken up against the bullish Bitcoin investment platform, calling it a Ponzi scheme.

People who don't like bitcoin try to call it a Ponzi scheme or a fraud because then they no longer have to discuss its merits.

Not exact matches

A few years before that, another outfit called Muddy Waters Research alleged Canadian firm Sino - Forest Corp. was «a multi-billion dollar Ponzi scheme.»

The call was the first chance for analysts to question Block en masse, who has been making the media rounds to discuss his allegations that the TSX - listed forestry company is a massive Ponzi scheme.

Citron, Kickstart readers will remember, is the firm that waged a long battle against Herbalife (which it called a «ponzi scheme») and made a fortune betting against Valeant Pharmaceuticals, of whose management and accounting practices it was an early (and very loud) critic.

A Texas man who operated Bitcoin Savings and Trust was charged on Thursday with bilking his investors, in what prosecutors called the first federal criminal securities fraud case arising from a bitcoin - related Ponzi scheme.

Calling the 6.6 % real return a «chain letter» and a «Ponzi scheme,» he went on to note, «The legitimate question that market analysts, government forecasters and pension consultants should answer is how that 6.6 % real return can possibly be duplicated in the future given today's initial conditions which historically have never been more favorable for corporate profits.

«And some might call that a Ponzi scheme.»

The island's own government borrowed billions of dollars to pay its bills, a practice that Puerto Rico's current governor, Ricardo Rosselló, now calls «a big Ponzi scheme.»

Prior to 2012 the company was the most valuable forestry company to be listed on the TSX, however it quickly fell from grace when Carson Block — a short - seller from Muddy Waters Research, called the company a Ponzi scheme.

Last month, the Federal Trade Commission reached a settlement with the nutritional supplements company that, while determining Herbalife was not a pyramid or Ponzi scheme, called for the company to change its operations.

«As a chartered fraud examiner, when the scam called MMM ponzi scheme came with its 30 per cent interest in 30 daysearly last year, I told people then that it was a fraud but many refused to listen and some of them later learnt their lessons in bitter ways.»

This is a huge contrast compared to so called «financial derivatives» that no different than Ponzi scheme, the investor / bankers get nothing when the scheme collapsed.

The film will follow the rise and fall of Hunt and Karny, who ran a Ponzi scheme called the Billionaire Boys Club in the early 1980s.

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

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.

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.

**** As the wind industry Ponzi scheme unravels around the globe, it's so - called «community wind farms» that are taking a pounding.

In phase 2, 2030 to 2050, after multiple climate Pearl Harbors and the inevitable collapse of the Ponzi scheme we call the global economy, the world gets truly desperate, and actions that are not plausible today — including widespread conservation — become commonplace (see here for a description of what that collapse might look like).

The freezing orders had been obtained by the US Department of Justice as part of its prosecution of an alleged Ponzi fraud scheme called the «Vavasseur Programme», run by an American named Terry Dowdell, in which the defendants had participated.

Aside from the warning about Bitcoin and cryptocurrency being a Ponzi scheme, there are ongoing discussions in India on how cryptocurrencies can be regulated, with India's Supreme Court urging various government agencies to look into online demands and petitions that call for proper Bitcoin regulation.

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».

He compares YT to Bernie Madoff, calling Faraday Future and the money surrounding it a «Ponzi scheme.»

Dan Schwarz, the state treasurer, has called for an audit of the deal and previously referred to Faraday as a 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.»

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

The Bank for International Settlements has just called Bitcoin a «bubble» and a «Ponzi scheme,» implying that it's a fraud about to lose value.

One of Asia's most prominent banking institutions has called bitcoin a ponzi scheme, signaling continued resistance to one of the most groundbreaking developments in recent history...

This is pretty significant — because as usual, people are saying something happened that isn't actually the thing that happened (IE: insider trading)-- kind of like when people call cryptocurrency «a ponzi scheme» when it's actually «dumb as shit.»

Some have called the nascent digital assets under various names such as bubbles, Ponzi schemes, fraud, and many other crazy names.

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

Government officials have repeatedly called cryptocurrency payments mere «Ponzi schemes» and sent out thousands of tax notices to crypto...

Following a quote of recent news reports a member of parliament heard calling Bitcoin a «Ponzi scheme» often requesting the finance ministry to ban the cryptocurrency in the country.

People call cryptocurrencies with all sort of names, like «speculative bubble,» «ponzi schemes,» «get - rich - quick schemes,» and sometimes simply «fraud.»

The India government doubled down its skepticism over cryptocurrencies, calling them like «Ponzi Schemes.»

The company apparently had been running a Ponzi - scheme from 2014 through 2016, telling investors that it had created a computer algorithm called «Jigsaw» which allowed for substantial returns through a commodity fund.

Several influential people have called BitConnect a scam and a Ponzi scheme.

The Minister of Finance calling Bitcoin a «Ponzi scheme» in Dec. 2017, but Indian banks also acting positively towards Blockchain technology.