Sentences with phrase «ponzi schemes which»

«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.

Unraveled (Unrated) White - collar crime documentary about Marc Dreier, a Manhattan attorney sentenced to 20 years in prison after being convicted of securities fraud for operating a Ponzi scheme which fleeced his victims of over $ 700 million.

Vitalik Buterin, the renowned founder of Ethereum had since long back suggested that BitConnect, a popular Bitcoin exchange traded platform have been running on the dodgy Ponzi scheme which has caused the UK Registrar of Companies to threaten shutting down of BitConnect and dissolving its operations.

Not exact matches

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.

Authorities said Platinum operated «like a Ponzi scheme» by using new money to fund redemptions by earlier investors, which were referred to internally as «Hail Mary time.»

Rather, CASPERSEN operated a Ponzi - like scheme in which he misappropriated investor funds from the Fake Fund Accounts and converted them to his own use and use by others, including by using investor funds to meet CASPERSEN's periodic interest payment commitments to earlier investors.

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.

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.»

Regulators in the United States have continued to crack down on smaller virtual currencies like Bitconnect, which has been described as a Ponzi scheme by many in the industry.

The piece to which Gross referred was his monthly commentary for August, in which he said the «cult of equities is dying» and compared their long - term returns to a Ponzi scheme, something with which Wharton's Siegel (left) disagreed.

The government has even equated cryptocurrencies with «Ponzi schemes», which offer unusually high returns to early investors.

Gross's argument about the stock market, which in his characteristic bombast he referred to as a «Ponzi scheme,» took a completely opposite stance.

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.

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 prevailing tack for selling annuities is the same type of shifty pitch on which every Ponzi scheme is premised, according to top money manager Ken Fisher.

The prevailing tack for selling annuities is the same type of shifty pitch on which every Ponzi scheme is premised, top money manager Ken Fisher contends, in an interview with ThinkAdvisor.

One of the problems with Bitcoin is the extent to which it is just a gigantic Ponzi scheme,» the Shadow Home Secretary continued her explanation of the risks posed by Bitcoin.

In his April 14 newsletter, Chapman wrote, «The effort to save the American economy, which began in 2001, has finally come full circle and the Ponzi scheme is coming unraveled.

Oct 04, 2016 A Ponzi scheme is a kind of investment scam in which investors of longer standing are paid with the buy - in contributions of newer investors.

The robbery is required to additionally debilitate exchange digital currencies, which the administration has compared to Ponzi schemes that offer surprisingly significant yields to early financial specialists.

A Ponzi scheme is a kind of investment scam in which investors of longer standing are paid with the buy - in contributions of newer investors.

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.

COIB's announcement of the fines, and Stringer's scrutiny of Department of Correction spending, comes the same day that a jury is reportedly deadlocked in the corruption trial of former correction union president Norman Seabrook, who is accused of making a deal with a hedge fund to pocket $ 60,000 in exchange for agreeing to steer union money into the fund, which has since been revealed as one of the largest Ponzi schemes in recent memory.

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.»

Cuomo's spokeswoman Dani Lever offered a stronger reply after Trump's denunciation: «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.»

Colon was known to hang out in the now - shuttered Harlem restaurant Hudson River Café, which was owned by Hamlet Peralta, a suspected con man recently arrested by the feds for operating a $ 12 million Ponzi scheme linked to the corruption scandal.

Prior to Spitzer's tenure, it was mostly used for smaller financial violations, such as «shady pharmacists, Ponzi schemes, and peddlers of fraudulent Salvador Dali lithographs,» according to a 2004 article in Legal Affairs by Nicholas Thompson, published prior to the revelation of the Bernie Madoff Ponzi scheme, for which Andrew Cuomo used the Martin Act when he was attorney general.

The Litwin charitable investments were nearly all managed by Bernard L. Madoff and substantially lost in his Ponzi scheme, which swallowed up many fortunes before being exposed in 2008.

Perhaps time and future episodes will still surprise us, but forgive me for pointing out the lazy cynicism of that argument, which is rooted in the same commercial logic that has made a blockbuster franchise feel dangerously close to a Ponzi scheme.

A New York socialite ruined by the constant philandering of her husband Hal (Alec Baldwin) and, a bit less importantly in her mind, the revelation that his empire was founded on dodgy Ponzi schemes for which he's since been convicted, she's sent packing to San Francisco in search of work and more modest lodgings.

The most recent, high - visibility version of this would be the Bernie Madoff Ponzi scheme, which was supposed to pay back great returns for investors, but ended up wiping out significant sums of money from many prominent (and a much larger number of not - so - prominent) people.

Thus, the $ 176 billion in wind subsidies (for which the wind companies spend $ 20 million a year on lobbying) is in reality a means to support the Ponzi scheme that enriches Big Wind, Big Banks, and Big Politicians.

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.

He created a site in 2007 which targeted a business and its CEO, making a number of disparaging comments about the Plaintiffs and alleging involvement in a Ponzi scheme.

The funds in which the respondents invested turned out to be a Ponzi scheme and the respondents lost their investments.

It's almost like a Ponzi scheme - click «follow» as much as possible, which increases the number of your own followers, and so on.

She has served as lead trial counsel in bankruptcy and commercial litigation, including alternative dispute resolution, and has considerable experience in handling fraud and Ponzi scheme litigation and bankruptcy appeals, which have resulted in published Ninth Circuit opinions.

BitConnect, widely suspected in the crypto - space of being little more than a Ponzi scheme, allowed investors to lend money to BitConnect, which the company would then use to trade in the volatile cryptocurrency market using advanced trading software.

But despite its meteoric growth and burgeoning user base, the investment platform attracted a swarm of naysayers with its suspicious business model, which vocal critics repeatedly labeled a Ponzi scheme.

Roughly nine months ago, Bitcoin Foundation Chief Scientist Gavin Andresen made a rather interesting comment on Reddit in which he claimed, «I suspect many [cloud mining companies] will turn out to be Ponzi schemes.»

Various social media channels were filled out with messages that Bitcoin in itself is not a ponzi scheme but there may be companies involved in Bitcoin which are operating some ponzi schemes.

Asked about the sustainability of its business model, which roughly offers 1 - percent daily return on investments, the Ethereum founder commented that all signs seem to suggest BitConnect is running a Ponzi scheme.

Its price rise has been driven purely by speculation — by what Robert Shiller calls a natural Ponzi scheme, in which early entrants make money only [because] others buy in.»

A Bitcoin consultancy firm was established by the Ponzi scheme operators in Seoul which lured in unsuspecting investors by offering magnanimous profit margins and claiming that the corpus shall be invested in Bitcoin for garnering bigger returns in days to come.

Following months of red flags, Bitcoin investment platform BitConnect — which has long been suspected of running a Ponzi scheme — has officially announced its platform is shutting down.

European Central Bank (ECB) executive board member Yves Mersch is coming out in support of recent comments by Agustin Carstens, general manager of the Bank for International Settlements (BIS), in which he laid into bitcoin as a bubble, a Ponzi scheme and a threat to central banks.

It is alleged that the BitConnect platform had been issuing digital tokens that were seen to be unregistered securities and they had also received funds in other ways which made it into a «wide - ranging Ponzi scheme.»

There are a few Ponzi schemes accepting Bitcoin payments, which may be part of the

There are a few Ponzi schemes accepting Bitcoin payments, which may be part of the reason.

Last week, the Texas State Securities Board issued a similar statement regarding BitConnect, which some critics have accused of constituting a Ponzi scheme.