Sentences with phrase «for ponzi schemes»

They also expressed concern that ICOs had become a vehicle for ponzi schemes and that the market was at risk of manipulation.

Do note that there are several «investment» plans out there that use P2P lending as a cover for their ponzi schemes, including the popular cryptocurrency, Bitconnect.

Do note that there are several «investment» plans out there that use P2P lending as a cover for their ponzi schemes, including

Federal and state criminal prosecutors have roped our corporate clients into a myriad of white collar criminal allegations from running illegal operations involving counterfeiting and gambling, to market manipulation, bid rigging, trafficking in counterfeit goods and creating fraudulent investment vehicles as facades for Ponzi schemes.

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!

Promissory notes: Often the favored investment vehicle for Ponzi schemes, they are highly speculative and come with overstated promises of return and security.

ban Islam, Judahism and Christianity for the ponzi schemes they are and lets get the world fixed.

Its history also featured arrests for Ponzi schemes.

Peralta's sister, whose bank account was used for the Ponzi scheme, gave up her brother when investigators confronted her, sources said.

Do that with enough scale & deceit, and you're more than ready for a Ponzi scheme..!

Not exact matches

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.

This year - end donation strategy could reap big savings for retirees SEC busts alleged $ 1.2 Ponzi scheme.

Shkreli was indicted for securities fraud and conspiracy in a series of dealings that federal prosecutors likened to a «Ponzi scheme.»

Ask us to help you select the Ponzi scheme that's right for you!»

Another first for Bitcoin, but an ignominious one: The Securities and Exchange Commission has filed its first fraud lawsuit involving the virtual currency, claiming it was used in a Ponzi scheme.

No profession should model itself on Russian novels — or, for that matter, a cult, a Ponzi scheme, or organized crime.

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.

The piece to which Gross referred was his monthly commentary for August, in which he said the «cult of equities is dying» and compared their long - term returns to a Ponzi scheme, something with which Wharton's Siegel (left) disagreed.

But in general, this could go on for a long time and be very profitable BECAUSE it is a successful 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.

A 49 - year - old Wilton man was sentenced to more than three years in prison Tuesday for using hedge - fund money for his own personal use as part of a $ 6 million - plus Ponzi scheme.

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.

As for Siskey investors such as Packer, they have been unable to take money out of their Mainstar accounts since the Ponzi scheme allegations became public.

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 nonprofit Investor Protection Institute (IPI) announced today that it is collaborating with Oklahoma City - based Island Grill Media & Entertainment to develop «The Meeting,» a short film exposing the devastating results for victims of Ponzi schemes.

Ponzi schemes were named for Charles Ponzi, a man who raised millions of dollars from investors in a stamp scheme, but in fact was just paying early investors with money raised from later investors.

I would argue that the one of the primary reasons the Fed is working hard to keep the stock market propped up is because, if the Dow / SPX / Nasdaq were to fall 5 - 10 % for an extended period of time — as in more than a month — the entire U.S. pension Ponzi scheme would blow up and decimate the financial system.

The prevailing tack for selling annuities is the same type of shifty pitch on which every Ponzi scheme is premised, according to top money manager Ken Fisher.

Another problem is fraud: Israeli regulators warn that digital currencies are «fertile ground» for fraudulent activities, including Ponzi schemes.

The prevailing tack for selling annuities is the same type of shifty pitch on which every Ponzi scheme is premised, top money manager Ken Fisher contends, in an interview with ThinkAdvisor.

In latest historical past, the Turkish authorities has struck a dismissive concerning cryptocurrencies, describing reminiscent of akin to a Ponzi scheme and warning potential traders in opposition to searching for publicity to the digital forex markets.

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.

Bernie Madoff ran his Ponzi scheme for thirty years before being shut down.

Furthermore, the evil man in the expensive dress in the picture should be put in jail for his crimes of promoting the fraud and Ponzi scheme known as Catholicism, and for actively hiding child abusers.

Premier Cru Owner Sentenced to Six and a Half Years Behind Bars for Wine Ponzi Scheme John Fox, the wine store proprietor who admitted to conducting a Ponzi scheme for two decades, was sentenced in federal court yesterday to six and a half years in prison...

The FBI nabbed flagrant Miami booster Nevin Shapiro, but that was for his role in a Ponzi scheme, not his seven - figure contributions to the Hurricanes.

COIB's announcement of the fines, and Stringer's scrutiny of Department of Correction spending, comes the same day that a jury is reportedly deadlocked in the corruption trial of former correction union president Norman Seabrook, who is accused of making a deal with a hedge fund to pocket $ 60,000 in exchange for agreeing to steer union money into the fund, which has since been revealed as one of the largest Ponzi schemes in recent memory.

The Senate has declared its intent to probe deposit money banks used for transactions between Nigerians and a ponzi scheme, Mavrodi Mondial Movement.

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.

When IS got started it would be more accurate to describe it as a Ponzi scheme for the benefit of the commanders rather than a real fighting force.

Mavrodi Mondial Moneybox, a Ponzi scheme known simply as MMM, on Friday opened for business after one month of break, but investors in the scheme have remained stranded as they still can not access their funds.

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.

Stein's buddy, the financier Kenneth Starr, paid him millions between 2003 and 2009 for bringing in clients for his alleged Ponzi scheme, prosecutors said.

THEY caused this mess with their securitized derivative Ponzi schemes and it's time for THEM to share the damn pain for a change!

Defense lawyers for hedge funder Murray Huberfeld — accused of paying ex-NYC prison guards» union head Norman Seabrook illegal bribes — demanded an «evidentiary hearing» to suss out Rechnitz's role in Nissen's alleged Ponzi scheme.

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.

A former lawyer from Chautauqua County may be facing as much as 20 years in prison and a $ 250 - thousand fine on a federal charge of mail fraud for a nearly three year long ponzi scheme.

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.

On May 27, 2010, Stein was indicted and arrested for lying about his involvement during the investigation of the multimillion - dollar Ponzi scheme involving Ken Starr, a financial advisor to various Hollywood celebrities.

Outright fraud has plagued emissions markets, whether it's Anne Sholtz building a Ponzi scheme out of smog allowances in Los Angeles or European cheats charging extra for carbon allowances under the guise of collecting a tax and then disappearing with the proceeds.