Sentences with phrase «classic ponzi scheme»

Lee publicly stated he refused to invest in BitConnect, a coin and platform that «seems like a classic ponzi scheme,» in December 2017.

From the surface, seems like a classic ponzi scheme.

Bandoian's report made the company sound like a classic Ponzi scheme, as he wrote that «monies used for repayment appear to have come directly from the funds received from lenders, as Cash Plus did not appear to have sufficient income - generating activities to support the interest payments on these deposits and to pay staff and other operating costs.»

From the surface, seems like a classic ponzi scheme.

Not exact matches

The CFTC alleges that the company and its employees created an elaborate hoax, paying customers with funds obtained from other customers — the classic indicators of a Ponzi scheme.

In this classic, first published in 1978, the late financial economist Charles Kindleberger looks back at the South Sea Bubble, Ponzi schemes, banking crises and other mass disturbances of purportedly efficient markets.

**** STT has pointed out just a few times that the wind industry is little more than the most recent and elaborate Ponzi scheme in a list that dates back to «corporate investment classics», like the South - Sea Bubble and Dutch tulip mania.

However, one prominent blogger — 7th Circuit Judge Richard Posner — disagrees with the conventional theory that Madoff was running a Ponzi scheme primarily because Madoff didn't con «greedy dopes» who are classic Ponzi targets, but instead, lured sophisticated investors.