Sentences with phrase «into ponzi schemes»

The promises of economic growth have turned into Ponzi schemes as all construction progress is starting to dry up.

Still, it's a good idea to know the warning signs so you don't lose money to scammers who may try to entice you into a Ponzi scheme.

It can almost turn into a Ponzi scheme, where early recruiters and top recruiters make all the money, and the last ones to arrive to the company are left with product they purchased and can't resell.

Sam Israel drifted into a Ponzi scheme.

Seven individuals in the South Korean province of Jeonbuk have been arrested for running a large - scale $ 38 million scam, alluring middle - aged investors into a Ponzi scheme.

James McDonald, the CFTC's Director of Enforcement, said that Dean «sought to take advantage of that public interest, offering retail customers the chance to use Bitcoin to invest in binary options, when in reality they were only buying into a Ponzi scheme.

Not exact matches

And Sam Israel's world - beating hedge fund mutated into a $ 450 - million Ponzi scheme.

«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.

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.»

Low rates and hidden costs are turning BC Hydro into a «Ponzi scheme,» says the union representing the company's office workers.

Not in the manner of Ponzi schemes, but by the even more devilish leaky faucet in which a significant portion of the returns of the capital markets are diverted away from Main Street investors and into the arms of Wall Street and the insurance companies.

Despite appearing to recognise where the multi bubble Ponzi scheme is ultimately heading, you appear to still have enough faith in the system to deploy capital into paper assets when you see asymmetries.

But people flocked to Ponzi's promises of high returns, putting their life savings into the scheme.

At first, things seemed to stabilize, but then the Massachusetts U.S. Attorney stepped up investigations into Ponzi, and Ponzi's own publicity agent revealed the scheme in the Boston Post.

It's important, he suggests, that participants - and outsiders, especially - don't know too much about what is really going on: This is obvious enough in the case of a Ponzi scheme (another of Dennett's sociological bacteria), which relies on dupes continuing to pay into the system.

I should have got into religion it turns out that is the biggest ponzi scheme going.

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.

Jona Rechnitz, the feds» key witness in the NYPD bribery probe, has high - tailed it out of New York — a month after it surfaced that he allegedly lured some deep - pocketed pals into yet another Ponzi scheme.

Manhattan U.S. Attorney Preet Bharara said Shavers, 32, combined financial fraud and cyberfraud into a bitcoin Ponzi scheme offering «absurdly high interest payments, and ultimately cheated his investors out of their bitcoin investments.»

Social Security now forces Americans to pay 12.4 percent of their income into a vast Ponzi - scheme totally controlled by 535 sitting politicians.

He says that, since bull markets possess every characteristic of Ponzi schemes, we should assume they are Ponzi schemes until we come into possession of some evidence that they are NOT Ponzi schemes.

A fascinating front - page story digs into the details of Private Equity Management Group CEO Danny Pang, who has been accused of defrauding investors, running a Ponzi scheme and was once a suspect in the 1997 unsolved murder of his ex-stripper wife, among other unsavory details.

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.

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.

McDonald said of the GBI case: «As alleged, the defendants here preyed on customers interested in virtual currency, promising them the opportunity to invest in bitcoin when in reality they only bought into the defendants» Ponzi scheme.»

Here are some pointers to avoid falling into the trap of Ponzi schemes like BitConnect or USI Tech.

European Central Bank (ECB) executive board member Yves Mersch is coming out in support of recent comments by Agustin Carstens, general manager of the Bank for International Settlements (BIS), in which he laid into bitcoin as a bubble, a Ponzi scheme and a threat to central banks.

It is alleged that the BitConnect platform had been issuing digital tokens that were seen to be unregistered securities and they had also received funds in other ways which made it into a «wide - ranging Ponzi scheme.»

The director of enforcement for the CFTC, James McDonald, said in a statement that «the defendants here preyed on customers interested in virtual currency, promising them the opportunity to invest in bitcoin when in reality they only bought into the defendants» Ponzi scheme.»

1 / The @FT masterfully conflates bitcoin, a ponzi scheme, and every scary event into a single uninformative piece: https://t.co/nu7hfqAOJu — Fred Ehrsam (@FEhrsam) November 11, 2015

As alleged, the Defendants here preyed on customers interested in virtual currency, promising them the opportunity to invest in Bitcoin when in reality they only bought into the Defendants» Ponzi scheme.

Ultimately, the five individuals behind the Ponzi scheme were arrested, as investors requested a local police department to investigate into the scam many months after they did not receive any payouts from the operators.

«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».

It is now known that none of this money went into mortgages and this was just an elaborate ponzi scheme, police say.