Sentences with phrase «in ponzi schemes»

«There is a real and heightened risk of investment bubble of the type seen in Ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard - earned money.

«The ministry is concerned that cryptocurrency trading will have parallels with investment in Ponzi schemes and therefore people must be made aware of the high risks involved before they plough their money into digital currencies that are not regulated».

«The purported performance reports were false, and — as in all Ponzi schemes — payouts of supposed profits... actually consisted of other customers» misappropriated funds,» the CFTC reported in a statement.

There is a risk of investment bubble of the type seen in Ponzi schemes... Customers need to be alert and extremely cautious as to avoid getting trapped in such Ponzi schemes.

Members of our team are regularly appointed by federal and state judges at the request of the SEC to oversee the liquidation of entities that were engaged in Ponzi schemes and other frauds.

According to the indictment, some of its customers were involved in Ponzi schemes, pyramid schemes, and a child...

The are countless tales of victims losing thousands and even millions in Ponzi schemes and dodgy dealings.

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.

The CFTC contends that the CEO chose to misappropriate the funds of customers rather than invest them, engaging in Ponzi scheme - style payouts to other customers, and in turn lying about balances to cover his tracks.

«The government suggested that Mr. Shkreli was involved in a Ponzi scheme.

In fact, the operators of these investment clubs encourage people throughout the country to invest in bitcoin, and promise huge returns, yet this is not always the case, especially when investing in a Ponzi scheme - in fact, some of these schemes have gotten to the point of being hilarious, considering the fact that some promise a 100 % return on the initial investment.

In a Ponzi scheme, you can earn a percentage of your investment, only to lure you to invest more, and eventually end up with nothing.

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.

A third businessman, Hamlet Peralta, who has ties to Rechnitz and Reichberg, and who also allegedly paid off cops with gifts, was arrested Friday in Georgia due to his involvement in a Ponzi scheme.

We were buying a place to live, not an asset to be used in the Ponzi scheme of «climbing the housing ladder».

NEW YORK >> A son - in - law of former New York Assembly Speaker Sheldon Silver was charged with defrauding investors out of $ 7 million in a Ponzi scheme, according to a federal complaint.

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.

The Robin Hood legend reared his head in the mainstream one - percenter comedy Tower Heist where Ben Stiller plays a building manager of a luxury high - rise who robs a millionaire to get his staff's pension - fund money back after it was «invested» in a Ponzi scheme.

Eighteen books later, after losing all of her investments in a Ponzi scheme, the bestselling author is turning toward Oprah again, or rather the Oprah Winfrey Network (OWN).

And Lula's involved in a Ponzi scheme Stand back!

According to CNN.com, Mitchard has lost «all her money» in a Ponzi scheme (she's not a victim of Bernard Madoff but, rather, another alleged creep).

In April this year, the Securities and Exchange Commission (SEC) charged Shawn Merriman of Aurora, Colorado, of collecting $ 20 million in a Ponzi scheme «to support his lavish lifestyle.»

At those levels, you're likely 1) Taking on a huge amount of risk, 2) In a Ponzi scheme, 3) all of the above.

But the scheme was not real - they were caught up in a ponzi scheme.

He created a site in 2007 which targeted a business and its CEO, making a number of disparaging comments about the Plaintiffs and alleging involvement in a Ponzi scheme.

Given that reality, management seeks PPEP by bringing in partners with «book» in a Ponzi scheme like structure to buy growth & pay for it through increasingly lopsided distribution of points.

BitConnect did only fleece investors through an ICO; it also got them to recruit their friends and family for further fleecing in a ponzi scheme.

According to the Daily Nation, those investing in the Ponzi scheme were also promised a 30 percent return on their investment and higher returns if they helped members within the scheme that needed financial aid.

A South Florida radio and TV host who shared with listeners how to make it big during South Florida's real estate boom was sentenced to four years in prison for taking part in a Ponzi scheme that bilked money from his real estate clients.

In a Ponzi scheme, investors in a company are paid dividends not by investment earnings but by money obtained through new investors.

Not exact matches

«Trendon Shavers managed to combine financial and cyber fraud into a bitcoin Ponzi scheme that offered absurdly high interest payments, and ultimately cheated his investors out of their bitcoin investments,» Bharara said in a statement.

«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.

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.

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.

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.

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

The agency, according to the alert is «concerned that the rising use of virtual currencies in the global marketplace may entice fraudsters to lure investors into Ponzi and other schemes in which these currencies are used to facilitate fraudulent, or simply fabricated, investments and transactions.»

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.

To make his case, Stewart examines four high - profile cases from the past decade — Martha Stewart and the insider trading of ImClone stock; Lewis (Scooter) Libby's role in outing CIA operative Valerie Plame; Barry Bonds's association with Balco; and the collapse of Bernard Madoff's Ponzi scheme.

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 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.

A Bloomberg article suggests that cryptocurrency's big breakthrough in the country occurred in 2016, when scammers conducting a long - running Ponzi scheme known as MMM began demanding payment in bitcoin because the government had started targeting their bank accounts.

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

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.&raquIn 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.&raquin 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.»

Senior officials at South Korea's financial watchdog have compared speculative trading in bitcoin to a «Ponzi scheme» and say they are mulling a ban.

Gross's argument about the stock market, which in his characteristic bombast he referred to as a «Ponzi scheme,» took a completely opposite stance.

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.

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.

While opinions are divided as to Bitcoin and other cryptocurrencies being a massive fraudulent Ponzi scheme, there is no question that binary options are a scam, so perhaps it is no surprise to see binary options scammers trying to cash in on the hype currently surrounding Bitcoin.