Sentences with phrase «named ponzi»

«The archaic system, once all of the obfuscations are stripped away, exposes a garden - variety, interest - free fraudulent financial routine that hearkens the name Ponzi,» according to the suit.

Wall Street investor and New York art collector Steven Tananbaum is seeking $ 39 million in damages over three sculptures that were not delivered, despite deposits, installment payments and agreed upon delivery dates, in a legal filing that describes a selling practice»... that harkens the name Ponzi.»

Not exact matches

On June 2, an obscure research shop named Muddy Waters published an explosive report accusing Sino - Forest of being a massive Ponzi scheme.

Ponzi schemes were named for Charles Ponzi, a man who raised millions of dollars from investors in a stamp scheme, but in fact was just paying early investors with money raised from later investors.

The former is an existing digital currency, while the latter phrase means a fraudulent investment activity that got its name from Charles Ponzi, an infamous swindler in the 20th century.

Taking advantage of the growing fascination with Bitcoin, numerous ponzi schemes have cropped up in the name of cryptocurrency, targeting thousands of unsuspecting investors.

Almodóvar's main criticism is class - based: The economy class is drugged while the business class passengers (an assassin, a Ponzi schemer, a dominatrix named Ms. Take) get wasted and screw around.

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.»

May your name, Michael Mann, become as famous as Mr. Ponzi's.

The freezing orders had been obtained by the US Department of Justice as part of its prosecution of an alleged Ponzi fraud scheme called the «Vavasseur Programme», run by an American named Terry Dowdell, in which the defendants had participated.

Taking advantage of the growing fascination with Bitcoin, numerous ponzi schemes have cropped up in the name of cryptocurrency, targeting thousands of unsuspecting investors.

Some have called the nascent digital assets under various names such as bubbles, Ponzi schemes, fraud, and many other crazy names.

People call cryptocurrencies with all sort of names, like «speculative bubble,» «ponzi schemes,» «get - rich - quick schemes,» and sometimes simply «fraud.»

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