Sentences with phrase «like ponzi schemes»

India's Ministry of Finance has claimed that Bitcoin and the other digital currencies are like Ponzi schemes and issued a warning for investors.

Most recently, on February 7, 2018, Jim Yong Kim, President of the World Bank, questioned the legitimacy of cryptocurrencies, saying that they are like Ponzi schemes.

And they have resisted subscription services that have seen actual growth (Kindle Unlimited) while dabbling in services that were operating like Ponzi schemes.

But like all Ponzi schemes throughout history, the U.S. Ponzi scheme will implode under a massive weight of hubris, extreme greed and widespread ignorance disguised as complacency.

Authorities said Platinum operated «like a Ponzi scheme» by using new money to fund redemptions by earlier investors, which were referred to internally as «Hail Mary time.»

«The price of virtual currencies rises because of the expectation that the next person will buy it at the desired price and this is quite like a Ponzi scheme.»

VK: To some degree, a real estate bubble is like a Ponzi scheme.

She just sold the soul she never possessed like a ponzi scheme, to build a damned ugly building right next to our beautiful Brooklyn Bridge.

It is treating the schemes like a Ponzi scheme where the liability keeps being put back so long as new entrants can be found to prop the scheme up.

It's almost like a Ponzi scheme - click «follow» as much as possible, which increases the number of your own followers, and so on.

Sounds a bit like a Ponzi scheme.

«It's a wonderful, powerful tool [ICO], but it's so easy to do like a ponzi scheme concealed as an ICO,» Marco Amadori, CEO of the Italian bitcoin company Inbitcoin.it and resident expert at the nonprofit Blockchainlab in Milan, told International Business Times.

Testimonies from customers describe an operation more like a Ponzi scheme that used the veneer of bitcoin trading as its lure.

Like a Ponzi scheme, it could only last so long.

Not exact matches

«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.

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.

Many of the government's largest sting operations come from busting up cross-state Ponzi schemes, «affinity» investment scams (which prey on the elderly or on particular ethnic or religious groups), and penny - stock boiler rooms, like the infamous Stratton Oakmont and Sterling Foster.

It's a Ponzi - like scheme that can't last, declare Tufts and Fairbanks.

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.

Ponzi schemes like Bernie Madoff's aren't the only ones perpetuated by greed and stupidity.

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.

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.

Like every other attempt throughout history to control the laws of economics and perpetuate Ponzi schemes, the current attempt by Central Banks globally will end with a spectacular collapse.

Other investor funds solicited by Simmons were used by the owner of the Hedge Fund in the Ponzi - like scheme to...

In other words, they're going to keep a ponzi scheme going much like the real estate bubble.

From the surface, seems like a classic ponzi scheme.

Prosecutors claimed the Ponzi - like scheme caused Retrophin and its investors to suffer a loss of more than $ 11 million.

The Bernard L. Madodff Investment Securities LLC seemed like a solid investment deal but it turned out to be another Ponzi scheme.

In fact, if anything, legislative «reforms» like Dodd - Frank did nothing more than enable the big banks to continue using derivatives and Ponzi - scheme financial structures as mechanisms to continue sucking wealth out of the system.

Sheep like you are the ones the religious scammers depend on to finance their ponzi scheme.

It's beginning to sound like a giant ponzi scheme.

A brilliant display... Pass the kool aid... Thanks to fans like you wenger has gotten away with his ponzi football scheme and delivered a dozen years of future promise with nothing to show..

A New York concert promoter accused of bilking investors in a Ponzi - like scheme involving Broadway hit shows like «Hamilton» was sentenced to 6 1/2 years in prison and ordered to pay back more than $ 100 million.

In what looks like a more antic spiritual sequel to Bernie, Jack Black plays another gregarious, locally - beloved real - life figure hiding a crime: Jan Lewan, a Polish - American polka master who also apparently ran a Ponzi scheme.

Facebook is beginning to sound more and more like the ultimate Ponzi scheme.

I wish they would propose a law targeting those who fraudulently use crowdfunding sites such as Indiegogo as Ponzi - like schemes, fully knowing that many people who reside in faraway places will be unlikely to expend the time or money needed to recuperate their losses.

Sounds like a new take on a Ponzi scheme.

Sixty four percent would have liked their high schools to have had financial education programs... But if this was the case, how would we have Ponzi schemes or massive financial fraud on a global level?

Like swaps and derivatives, this will make the hedge funds more transparent and help prevent fraud such as the Madoff Ponzi scheme.

Ending the year on a final bad note, December 2008 brought us the Madoff scandal, a Ponzi scheme of such epic proportions, it made the original Charles Ponzi look like a rank amateur.

These include high - profile cases like Earl Jones, who operated a Ponzi scheme in the Montreal area between 1982 and 2009, bilking his victims out of more than $ 50 million.

A Connecticut man has pled guilty to charges he operated a «ponzi - like» scheme to defraud investors in hedge fund Sentinel Growth Fund Management.

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!

I mean living at the top of the New York Pyramid scheme this man makes Ponzi look like a respectable citizen.

Also, Can we really continue to blame Reagan for «cutting funding to energy efficiency programs» when the programs we have are colossal wastes, stifle «Innovation», and are run more like criminal enterprises and Ponzi Schemes where we all chip in to buy our neighbor's air sealing?

**** 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.

In phase 2, 2030 to 2050, after multiple climate Pearl Harbors and the inevitable collapse of the Ponzi scheme we call the global economy, the world gets truly desperate, and actions that are not plausible today — including widespread conservation — become commonplace (see here for a description of what that collapse might look like).

Much like Bernie Madoff's ponzi scheme, this scheme, with its constant infusions of material that could be libel / slander against skeptic climate scientists, was also doomed to fail from the start, built on a foundation of sand about its core «evidence» that was pushed by a person who never won a Pulitzer, and whose narratives don't line up right.

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.»

Citibank has forcefully denied allegations by a former Dewey & LeBoeuf lawyer that the bank conspired with the now - defunct law firm to woo lateral partners with a Ponzi - like scheme aimed at paying off Dewey's debts to the bank, writes the Am Law Daily.