Sentences with phrase «term ponzi scheme»

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.

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.

Not exact matches

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.

But for now we're stuck with the consequences and costs of a giant Ponzi scheme: Lawmakers have promised teachers retirement benefits that the system can not afford, because the promises were based on short - term political considerations and willfully bad (or thoroughly incompetent) math.

Conversely, some of the greatest financial follies have also occurred in the hedge fund industry, whether it be the collapse of Long Term Capital Management or the Ponzi - scheme fallout of Bernie Madoff's Ascot Partners.

Bitcoin was termed as a ponzi scheme by a senior leader of the national ruling party.

But recently, Bitcoin was termed as pyaramid - ponzi scheme by a BJP MP Kirit Somaiya.

«'' In terms of using Bitcoin or some of the cryptocurrencies, we are also looking at it, but I'm told the vast majority of cryptocurrencies are basically Ponzi schemes,» Kim said, according to Bloomberg.