Sentences with phrase «makes ponzi»

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

It makes Ponzi and Madoff look like pikers by comparison.

The company and its owner, Dillon Michael Dean, are charged «with engaging in a fraudulent scheme to solicit Bitcoin from members of the public, misrepresenting that customers» funds would be pooled and invested in products including binary options, making Ponzi - style payments to commodity pool participants from other participants» funds, misappropriating pool participants» funds, and failing to register with the CFTC.»

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.

Citron, Kickstart readers will remember, is the firm that waged a long battle against Herbalife (which it called a «ponzi scheme») and made a fortune betting against Valeant Pharmaceuticals, of whose management and accounting practices it was an early (and very loud) critic.

«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.

Ponzi victims do not make money, yet Mr. Shkreli's investors enjoyed strong results.

«Ponzi victims do not make money, yet Mr. Shkreli's investors enjoyed strong results,» Shkreli's statement reads.

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.

Elizabeth Avery, a Washington, D.C., securities attorney and founder of Kalorama Capital, said Ponzi schemes are a common type of fraud, where investor funds are used to attract new investors and make payments.

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.

Focusing on the principle of arbitrage rather than such laborious implementation, Ponzi explained that he could make a 400 percent gain after expenses.

That's why all the financial managers would love to do what Bernie Madoff did and do a Ponzi scheme, because it's really easier to do that than to actually make money by being productive.

Boston Post investigators looked into Ponzi's business and made their suspicions public.

The chairman and CEO of Fisher Investments, who runs a three - year - old annuity conversion program, likened annuity sales approaches to the too - good - to - be-true promises of Ponzi schemes and charged that annuity salespeople often lie to make high commissions.

Which reminds me of another conversion I read about this week, that of ««Godfather of Hipsterdom» Gavin McInnes [who says that] Feminism makes women miserable» -LRB-[h / t Julie Ponzi] I confess that I am so unhip as to have never heard of him.)

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 owners of the New York Mets are due to make a $ 16 million payment related to their involvement in the Bernie Madoff Ponzi scheme mess.

Perhaps time and future episodes will still surprise us, but forgive me for pointing out the lazy cynicism of that argument, which is rooted in the same commercial logic that has made a blockbuster franchise feel dangerously close to a Ponzi scheme.

Who needs The Wizard of Lies, a new made - for - TV drama about the wreckage left by Bernie Madoff's devastating Ponzi scheme?

In the book, Daniels writes that Carlo Ponzi — the con man whose name became synonymous with a swindling scheme — would make «an ideal Social Security commissioner.»

Public Pension Ponzi Scheme; New York Cities Borrow From Pension Plan to Make Contributions.

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.

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.

Ponzi schemes are often discovered after market downturns when investors make the mistake of fleeing to safety.

That's why Shiller's book makes the case that the stock market is a Ponzi scheme at times of excessive prices.

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!

Thanks are also extended to the many professionals who have made this venture possible: Meg Crane and John Mengel of Ponzi and Weill for their sensitive design of the brochure, Maurice Peterson once again for inspired web design, and to Robert Anthony, Jen Brown, and Emma Zakaravicius for their assistance in the research and development of this project.

This made housing unaffordable for all the poor folk who the Democrats wanted to help via their silly housing Ponzi scheme of mortgage buy downs.

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.»

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.

And therefore it requires different tactics from that of the ordinary Ponzi scheme, such as offering returns only moderately above average, satisfying redemption requests promptly, turning down some would - be investors (it would be interesting to know whether there was a tendency to turn down investors who might prove nosy or suspicious), and trading on a reputation earned in a legitimate business (Madoff's business of market making).

Today's legal news was dominated by Bernie Madoff's entry of a guilty plea to eleven charges — including securities fraud, wire fraud, mail fraud, money laundering and making a false filing to the SEC — all tied to his alleged $ 50 billion Ponzi scheme.

(The DBR notes Loumiet has made headlines in the past through his role advising now - defunct Hamilton Bank; we've previously reported on Loumiet and Greenberg Traurig's role advising former client and alleged Ponzi schemer Allen Stanford.)

Defending a European asset management company against claims in New York to recover redemption payments made by the liquidators of a BVI - based fund connected with the Madoff Ponzi scheme.

Roughly nine months ago, Bitcoin Foundation Chief Scientist Gavin Andresen made a rather interesting comment on Reddit in which he claimed, «I suspect many [cloud mining companies] will turn out to be Ponzi schemes.»

Scams after scams are coming out which is making people to really believe that One Coin is a Ponzi Scheme.

On the flip side, however, exists a wealth of fraudulent scams, Ponzi schemes, and incompetent projects — regularly making off with inexperienced investors» hard - earned cash.

Its price rise has been driven purely by speculation — by what Robert Shiller calls a natural Ponzi scheme, in which early entrants make money only [because] others buy in.»

If you have fallen victim to a scam that resulted in direct charges on your credit / debit card or transfers from your bank account (such as making deposits to purchase tokens, but not receiving tokens back, or depositing fiat currency into a mining / Ponzi scam), call your bank IMMEDIATELY and report it as an unauthorized / fraudulent transaction.

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.»

There is no evidence to support this, but typically Ponzi schemes will claim to have some kind of magic, infallible money making method that always works and is always profitable.

Already in January of this year, the Texas State Securities Board has sent two other cease and desist notices to crypto - related organizations: one to alleged Ponzi - scheme Bitconnect for selling unlicensed securities, and another to «cryptocurrency bank» AriseBank for not actually being a bank, making this Feb. 26 notice the third order of this year.

Crypto Nick, Trevon James, Craig Grant, and Ryan Hildreth made a name for themselves promoting the ponzi scheme Bitconnect on YouTube.

A month prior, Buterin also suggested that the heightened returns promised to investors makes BitConnect «a ponzi.»

Roubini has made harsh public comments about bitcoin before, calling it a «Ponzi game» and a bubble, but his latest piece broadens the attack to include the underlying technology.

«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».

Uncle Scam explains just how these ponzi's and scams are set up... make sure that you do your due diligence before investing your hard earned cash!

«I hereby make a prediction: Bitcoin will go down in history as the most spectacular private Ponzi scheme in history,» details North.