Sentences with phrase «giant ponzi scheme»
A US federal judge has ruled that bitcoin is a «form of money», paving the way for a legal case against a man accused of running a giant ponzi scheme using the virtual currency.
https://www.finextra.com/
But for now we're stuck with the consequences and costs of a giant Ponzi scheme: Lawmakers have promised teachers retirement benefits that the system can not afford, because the promises were based on short - term political considerations and willfully bad (or thoroughly incompetent) math.
The whole Christian thing is a giant ponzi scheme that only stupid people still believe in.
It's beginning to sound like a giant ponzi scheme.
It is how Madoff types can build giant Ponzi schemes and political tyrants disguise the bankruptcy of their policies.
Not exact matches
On April 15, 2011, a day that would later become known as Black Friday in the online poker community, the Department of Justice shuttered two major online poker giants, PokerStars and Full Tilt Poker, accusing the company founders of fraud, money laundering, and operating a Ponzi scheme.