Sentences with phrase «ponzi schemes going»

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.

In other words, they're going to keep a ponzi scheme going much like the real estate bubble.

I should have got into religion it turns out that is the biggest ponzi scheme going.

Not exact matches

But in general, this could go on for a long time and be very profitable BECAUSE it is a successful ponzi scheme.

Calling the 6.6 % real return a «chain letter» and a «Ponzi scheme,» he went on to note, «The legitimate question that market analysts, government forecasters and pension consultants should answer is how that 6.6 % real return can possibly be duplicated in the future given today's initial conditions which historically have never been more favorable for corporate profits.

Being a mathematician by education I am stunned to see that «new brave world» where many ppl believe that Ponzi scheme could go for a while.

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.

But even the layman or committee member can appreciate only a few things need to go wrong to bring the whole ponzi scheme tumbling around our ears.

Stein — the son of wealthy publisher Jerry Finkelstein, who owns The Hill — went down in the investigation of a money manager to the stars, Kenneth Starr (not that one), who was accused of running a Ponzi scheme and helping Stein dodge taxes through a shell corporation.

Born in 1967, Barry Minkow went on to set up a highly successful carpet cleaning company but was imprisoned in 1988 for one of the world's largest investment and accounting frauds through a Ponzi scheme.

In this edition, Jeff Koons and Gagosian are being sued by an art collector that alleges sales practices akin to a Ponzi scheme, the «Fearless Girl» statue is on the move, Nick Cave wants New Yorkers to dance and «Let Go» and more art news people are talking about.

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.»

Essentially, Madoff confessed that he ran a Ponzi scheme that he never intended to go on as long as it did.

Or is a unified front between so many players as unlikely as, well, as unlikely as a $ 50 billion Ponzi scheme that went undiscovered for at least a decade?

The sentiments have not gone well with current coin owners who continue to take a swipe at the company on social media networks terming it a Ponzi scheme.

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

And there is plenty of blame to go around, with Wall Street, the SEC, subprime lenders and the ratings agencies all playing a role in what Michael Lewis refers to as a massive Ponzi scheme.

To me, it looks like a very legitimate thing going on but these posts of «fraud» and «ponzi scheme» all over the place are really worrying me...

It is now known that none of this money went into mortgages and this was just an elaborate ponzi scheme, police say.