«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.»
We think
of Ponzi schemes as dirty stuff and we...
«Overcoming Administrative, Procedural, and Evidentiary Hurdles in
Ponzi Scheme Litigation,» Golden Gate University Law Review, June 2012
«There is a real and heightened risk of (an) investment bubble (in virtual currencies) of the type seen
in ponzi schemes which can result in (a) sudden and prolonged crash exposing investors, especially retail consumers, losing their hard - earned money,» the finance ministry said in a notification on Dec. 29, 2017.
Many conmen have been known to
run ponzi schemes involving virtual money to defraud the investors of huge sums.
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.
Texas has had a run of cease and desist letters to crypto - related businesses since the beginning of this year, with
alleged Ponzi scheme Bitconnect ordered to stop selling «unlicensed securities» in Texas in early January and asking an allegedly «scam» related cryptocurrency bank to leave the state.
The financial world is riddled
with Ponzi schemes as well.
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!
The infamous case of
Ponzi schemer Bernie Madoff was an ominous reminder that yes, there are unscrupulous money managers out there.
People duped
by Ponzi schemes couldn't really see themselves as gullible when they get paid a huge return and consequently reinvest.
The enforcement action described My Big Coin as a classic
Ponzi scam.
Originally published by Vivek Wadhwa on LinkedIn: «Why Bitcoin Is the
Largest Ponzi Scheme in Human History»
Surely, I thought, this whole cryptocurrency phenomenon was one
big Ponzi Scheme directed by a 15 - year old genius from his mother's basement.
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.
For years, accounting tricks have kept the long - term fiscal impact of pension promises hidden away, turning pension plans
into Ponzi schemes by asking future generations to pay legacy costs that have long been accumulating.
This rise, coupled with a lack of regulation, has seen the crypto currency world being hit with a number of negative incidents
from Ponzi schemes to fraud, scams and hacking incidents.
Keeping the Madoff assets cost the husband millions of dollars, however, when Madoff was revealed to be running a
massive Ponzi scheme in late 2008.
Back in February, Radiolab (probably my favourite podcast) did an episode on Bernie Madoff
called Ponzi Supernova Full Story
U.S. government sues over alleged
bitcoin Ponzi scheme — Sep. 21, 2017 Bitcoin is a relatively new currency, but that doesn't mean investors are safe from old school fraud.
Prior to the election, DioGuardi was linked to a $ 1.7 Billion
Dollar Ponzi by the SEC.
He noted further that, the the remedy for the economy «lies not in high spirits accounting, «smart borrowing» nor in
Ponzi games, but in sound management and policy prudence for a higher public purpose.
The SEC's Office of Investor Education and Advocacy (OIEA) and Retail Strategy Task Force are warning investors
about Ponzi schemes that prey on senior investors.
It's not just the lawyer ads that pop up on Google under the headline «Madoff
Ponzi Victim?»
He even talks of friends who got spectacular returns through an investor
named Ponzi.
«Consumers need to be alert and extremely cautious as to avoid getting trapped in
such Ponzi schemes,» the finance ministry said in a statement on Dec. 29.
I mean living at the top of the New York Pyramid scheme this man
makes Ponzi look like a respectable citizen.
«As a chartered fraud examiner, when the scam called
MMM ponzi scheme came with its 30 per cent interest in 30 daysearly last year, I told people then that it was a fraud but many refused to listen and some of them later learnt their lessons in bitter ways.»
Other moves against alleged scams in recent weeks sees the US CFTTC filing charges against My Big Coin, an alleged cryptocurrency -
based Ponzi accused of misappropriating over $ 6 million in customer funds.
Diane Abbott, the United Kingdom's sitting Shadow Home Secretary, said in an interview with The House magazine that Bitcoin «is just a
gigantic Ponzi scheme,» and promised that the Labour party, of which she is a member, would regulate it if elected, Express news site reports Friday, March 2.
De Blasio donor Jona Rechnitz's ties to
accused Ponzi schemer Jason Nissen are starting to cause problems for Manhattan federal prosecutors seeking to use Rechnitz as its key witness in an upcoming bribery trial.
As mentioned in the other article that Bitcoin is real
while Ponzi scheme is fake, one particular opposite reality of
At the time of writing, the top - three related queries all relate to Bitconnect, the now defunct cryptocurrency exchange that was accused of running an
elaborate Ponzi Scheme.
That action for foreign currency rigging came less than two years after the bank was charged with two felony counts and given a deferred prosecution agreement for aiding and abetting Bernie Madoff in the largest
Ponzi fraud in history.
Selling Our Future (pdf) Introduction (Listen to Audio) Food: The Weak Link The Emerging Politics of Food Scarcity Our
Global Ponzi Economy Mounting Stresses, Failing States Plan B — A Plan to Save Civilization Chapter 1 Data (xls)(pdf)(highlights)
I'll say one thing - it should take less than two seconds of thought to recognize that allowing dividends, bonuses, and other withdrawals of capital - without the requirement that banks mark their assets to market - is quite literally
how Ponzi schemes function.
In addition to The Jinx, several other true crime series and television programs centered on the issue of criminal justice have gripped viewers over the past year, including current series focused on O.J. Simpson and
infamous Ponzi schemer Bernie Madoff that are airing on FX and ABC, respectively.
Another problem is fraud: Israeli regulators warn that digital currencies are «fertile ground» for fraudulent activities,
including Ponzi schemes.
It certainly has been the subject of fraud in both nefarious imitations effecting fraud
through Ponzi schemes seeking investment from naïve individuals and cybercrime with hackers attaching malware to victim computers in order to effect mining of bitcoin for themselves.
Public
Pension Ponzi Scheme; New York Cities Borrow From Pension Plan to Make Contributions.
The amazing thing is there are still
other ponzi schemes out there.
U.S. corporations have been issuing debt to then buy back their stock, resulting in the weakest corporate balance sheets in many years (this is
Ponzi finance);
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.)
Look closely at the
economy ponzi, look at how society idolizes Lust, greed, envy, sloth, pride of life, desire for knowledge, desire for power, desire for revencge, gluttony with food etc.
«Given the # 50m figure is a work of fiction, this is a
political Ponzi scheme with Dominic Cummings acting as Vote Leave's Bernie Madoff.»