Sentences with phrase «ponzi scheme»

«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.»

«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.

A Bloomberg article suggests that cryptocurrency's big breakthrough in the country occurred in 2016, when scammers conducting a long - running Ponzi scheme known as MMM began demanding payment in bitcoin because the government had started targeting their bank accounts.

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.

Pensions are run like Ponzi schemes.

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 financial world is riddled with Ponzi schemes as well.

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.

According to a report by CNN Money, the U.S. Commodity Futures Trading Commission (CFTC) announced this week that it would file suit against a man and his New York - based company over an alleged Ponzi scheme involving bitcoin.

«There is a real and heightened risk of investment bubble of the type seen in ponzi schemes which can result in sudden and prolonged crash exposing investors, especially retail consumers losing their hard - earned money.

Nearly every company in this industry is or turns into a major Ponzi scheme at some point.

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.

When later investment schemes replicated the Ponzi playbook they were called Ponzi schemes.

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.

The Ontario Securities Commission can't seem to secure an insider - trading charge, while other provinces have seen some of the biggest Ponzi schemes operate right under their noses.

The promises of economic growth have turned into Ponzi schemes as all construction progress is starting to dry up.

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.

Chasing Madoff DVD Review by Kam Williams DVD Chronicles Whistleblower's Effort to Expose Madoff Ponzi Scheme By the time Bernie Madoff was finally arrested in December of 2008, Harry Markopolos had already been trying to expose his investment firm as a billion - dollar Ponzi scheme for years.

From the surface, seems like a classic ponzi scheme.

A US federal judge has ruled that bitcoin is a «form of money», paving the way for a legal case against a man accused of running a giant ponzi scheme using the virtual currency.

«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.

New York fraudster Bernie Madoff was the biggest Ponzi scheme operator, cheating investors out of an estimated US$ 64.8 billion.

«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.»

The amazing thing is there are still other ponzi schemes out there.

In 2013, the U.S. Securities and Exchange Commission (SEC) announced it was bringing charges against TD Bank for its alleged role in a «massive» Florida - based Ponzi scheme conducted by Scott Rothstein, who is now in prison.

As mentioned in the other article that Bitcoin is real while Ponzi scheme is fake, one particular opposite reality of

Compared to the recent $ 400 million worth of NEM that was removed from Japanese exchange Coincheck, or the collapse of the massive suspected Ponzi scheme Bitconnect (sorry, BIIIIIT - COOO - NEEEEEEEECT), Prodeum's apparent ill - gotten gains barely register.

In 2013, the U.S. Securities and Exchange Commission (SEC) announced it was bringing charges against TD Bank for its alleged role in a «massive» Florida - based Ponzi scheme conducted by Scott Rothstein, who is now in prison.

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.

Investor Alert: Ponzi Schemes Using Virtual Currencies.

Another problem is fraud: Israeli regulators warn that digital currencies are «fertile ground» for fraudulent activities, including Ponzi schemes.

So what about the person that looses their high credit score from a family illness or from one of the thousands of unscrupulous ponzi schemes going around.

The term Ponzi scheme arose from the life of Charles Ponzi, who between 1918 and 1920 started an investment scam that at first was based on arbitrage.

«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.»

Given that the lead attorney assigned the Madoff case left the regulatory agency to marry Bernie's niece and that powerful cronies in high places were running interference for him every step of the way, it's no surprise that his politically - protected Ponzi scheme only crumbled when the unsustainable house of cards collapsed of its own weight.

That puts our accounting on the level of Madoff and other Ponzi schemes.

In response, Cuomo spokesperson Dani Lever said in a statement, «We'll put our economic policy, which has helped create a record number of private sector jobs in New York — against Donald Trump's long record of bankruptcies, failed businesses and Ponzi schemes disguised as diploma mills any day of the week.»

Why did Madoff's Ponzi scheme last so long?

a suspected Ponzi scheme known as «Optioment» after Austrian police had received hundreds of complaints from disgruntled investors.

The government advised citizens against this Russian Ponzi scheme founded by Sergey Mavrodi.

The head of Russia's Ministry of Economic Development has compared Bitcoin to the infamous Ponzi scheme MMM.

Im sure he is coming up with his next ponzi scheme idea!

Most Ponzi schemes come to court after the scheme has collapsed and the creditors seek recovery under bankruptcy legislation or provincial legislation dealing with fraudulent conveyances or preferences.