Ponzi scheme

Mondo Visione  Apr 9  Comment 
On April 6, 2018, the Securities and Exchange Commission charged two Texas companies and their principals in a $2.4 million Ponzi scheme and in a related, $1.4 million offering fraud targeting retirees. The SEC's complaint alleges that, from...
TechCrunch  Mar 16  Comment 
The FTC has announced that they’ve issued temporary restraining orders and frozen the assets of a team of three defendants who pitched investment advice as the Bitcoin Funding Team and My7Network. The FTC claims that the defendants “promised...
The Hindu Business Line  Mar 14  Comment 
The Maharashtra government on Wednesday said the Enforcement Directorate (ED) would probe the alleged scam of duping investors to the tune of ₹2,000 crore with Ponzi schemes through the GainBitcoin
The Economic Times  Feb 22  Comment 
Many realtors offer "assured returns" of 12-14% till possession. Offers from jewellers allow consumers to pay 11 instalments while the 12th comes from the co.
The Times of India  Feb 21  Comment 
The proposed law to crack down on Ponzi schemes will bar real estate developers that offer fixed returns till possession as well as schemes from jewellers as the government believes that they are “unregulated deposits”.
The Times of India  Feb 21  Comment 
The Bill - piloted by the department of financial services - has proposed that all deposit-taking entities, including authorised players, need to register with a designated agency once the law is enacted and notified and there will be a ban on all...
The Economic Times  Feb 20  Comment 
The Union Cabinet chaired by Prime Minister Narendra Modi today gave its approval to introduce Banning of Unregulated Deposit Schemes Bill, 2018, in Parliament.
Clusterstock  Feb 14  Comment 
Notoriously bearish Societe Generale strategist Albert Edwards used Wednesday's surprisingly strong inflation data to argue a market reckoning is imminent. He's particularly worried about a possible breakout in the Japanese yen versus a US...
The Hindu Business Line  Feb 12  Comment 
They are potentially ‘Ponzi schemes’
Clusterstock  Feb 8  Comment 
ECB executive board member Yves Mersch says cryptocurrencies "are not money." Mersch compared bitcoin to a Ponzi scheme. He warned regulators to be wary of the growing risk of contagion as financial institutions start to look at digital...


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A ponzi scheme is a fraudulent operation that promises to pay investors unusual returns on their investment. The scheme does not earn money through legitimate business, rather it relies on investment from new investors to pay back older investors.

It is named after Charles Ponzi who became famous for applying schemes of this type during early 20th century.

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