Sentences with phrase «of ponzi scheme»

Taken to an extreme, this is actually more or less the definition of a Ponzi scheme (a scheme in which a continual influx of new money is used to subsidize earlier investors).

A Utah federal court refused to order a firm to turn over commissions derived from the sale of two properties purchased by the operator of a Ponzi scheme.

The operators of the Ponzi scheme established a Bitcoin consultancy firm in Seoul, lured in investors in the market, and offered unrealistic profit margins, claiming that their money will be invested in Bitcoin.

After a thorough analysis, it became clear the company was showing signs of a ponzi scheme.

Many of them promise high returns from bitcoin cloud mining but are in reality just another form of Ponzi scheme.

Bitconnect was perhaps doomed from the start as it was created based on the centralized concept of a Ponzi scheme.

«In reality, as alleged, the supposed trading results were illusory, and any payouts to customers were derived from funds fraudulently obtained from other customers in the manner of a Ponzi scheme,» the CFTC write - up summarizes.

After seven years of litigation, we obtained a dismissal with prejudice in favor of our client, a prominent cardiologist, in a negligence and fraud case involving the operation of a Ponzi scheme.

The issue in this case was whether certain victim of a ponzi scheme could retroactively reclassify the nature of their «investment» to improve their tax position.

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).

Hey, it occurs to me that GISS's fiddling of the instrumental record is a climatic form of Ponzi scheme.

That seems to contain the key elements of a Ponzi scheme.

Take a look, for example, at Richard Heinberg's The End of Growth, wherein we learn that «the world economic system is a kind of Ponzi scheme that is only kept going by the confidence of its participants,» and that «the Keynesian remedy doesn't cure the ailment but merely extends the suffering.»

Five years and several million dollars later, a New York art collector claims in court that the sculptor Jeff Koons and the Gagosian Gallery are running a «garden - variety» fraud with all the hallmarks of a Ponzi scheme.

Many in my generation or profession (mostly, I hope, those who haven't read the book) assume that Free is something of a Ponzi scheme.

To now say, «sorry, you've spent years accumulating miles, but we can sell the seats for cash, so your miles are now worthless» reeks of a Ponzi scheme.

Hello, I am totally new to this, am definitely intrigued but my question is how do we know that this is not some kind of ponzi scheme?

He used part of the money to repay some investors in the manner of a Ponzi scheme, misrepresenting them as profits.

Perry returns to his signature character of Madea — the sassy, say - anything elderly aunt with a penchant for handguns and stern moralizing — who here is tasked with sheltering the family of accountant George Needleman (Eugene Levy), who is caught up in the federal investigation of a Ponzi scheme.

Her brittle, shivery Jasmine is a Manhattan socialite whose world crumbles after the collapse of a Ponzi scheme run by her bigger - than - life fraudster husband, Hal (Alec Baldwin).

«In the United States, since World War II when this basic system was created, research has been a kind of Ponzi scheme in the sense that when the government provides grants, the institution leverages the indirect costs to expand research... and no institution has the resources to support the size of the faculty they have, especially in the biomedical sciences.»

More recently, news articles portrayed Bernard Madoff as an «evil genius» because of his Ponzi scheme that siphoned some $ 20 billion from investors.

Sm - Ali Amanollahi, who dates fundraiser Rud Morales, was a victim of Ponzi scheme tied to federal probe.

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.

We previously issued an Investor Alert about the use of Bitcoin in the context of a Ponzi scheme.

The CFTC alleges that the company and its employees created an elaborate hoax, paying customers with funds obtained from other customers — the classic indicators of a Ponzi scheme.

Homeopathy is the healthcare equivalent of a Ponzi scheme.

For some reason [Editor's note: * cough * never - ending fear - mongering from mainstream financial media * cough *], the only stories people seem to remember are those of Ponzi schemes, market crashes and investors losing millions.

The nonprofit Investor Protection Institute (IPI) announced today that it is collaborating with Oklahoma City - based Island Grill Media & Entertainment to develop «The Meeting,» a short film exposing the devastating results for victims of Ponzi schemes.

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.

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.

Large scale frauds of the kind of Ponzi schemes and pyramids deprived millions of their possessions.

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.

We think of Ponzi schemes as dirty stuff and we...

The nonprofit Investor Protection Institute (IPI) announced today that it is collaborating with Oklahoma City - based Island Grill Media & Entertainment to develop «The Meeting,» a short film exposing the devastating results for victims of Ponzi schemes.

Just in case of Ponzi schemes, during this time the scam works and investors are paid in full to attract future investors.

The pyramid canvases reference the social movements in Egypt in early 2011 and the top - down structure of Ponzi schemes.

«Trends in Enforcement and Prosecution of Ponzi Schemes,» American Bar Association, National Securities Fraud Conference, October 2010

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

Most of these come in the form of Ponzi Schemes, phishing sites, and malware attacks.

Not exact matches

Bitconnect had recently been accused of running a Ponzi scheme — the financial fraud most famously perpetrated by Bernie Madoff — by several influential investors, including Ethereum co-founder Vitalik Buterin and billionaire cryptocurrency investor Mike Novogratz.

Over the last decade the newspapers have been full of stories about Ponzi schemes, crooked investment «advisers» and insider trading.

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

«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.

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.

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.»