You Searched For "ponzi scheme" and got 20 results
Sort By:
2 mins read
Mumbai: ED seizes ₹37 crore worth deposits, cash in Ponzi case
Dalal "absconded" with this money after giving initial returns. It has been gathered that Dala…
PTI
1 min read
Jamie Dimon calls bitcoin a 'fraud' and a 'Ponzi scheme' and says the crypto is hopeless as a currency
JPMorgan CEO Jamie Dimon just launched another scathing attack on the biggest crypto and said bitco…
Theron Mohamed
1 min read
Mark Cuban to be deposed over his promotion of Voyager crypto 'Ponzi scheme' in class action lawsuit
Cuban touted Voyager on multiple occasions, previously calling the now-bankrupt crypto lender "as c…
Jennifer Sor
2 mins read
'Sex and the City' creator Candace Bushnell says Netflix won't pay her royalties as it plans to air all 6 seasons: 'The way men do business is a Ponzi scheme'
Candace Bushnell only received $100,000 for the screen rights to "Sex and the City," according to T…
Lauren Edmonds
2 mins read
'O.C.' star and crypto critic Ben McKenzie tells lawmakers that the crypto market is the 'largest Ponzi scheme in history'
Crypto "may well represent a fraud at least 10 times bigger than Madoff," actor-turned-crypto criti…
Carla Mozée
2 mins read
JPMorgan CEO Jamie Dimon slammed crypto as dangerous - and called bitcoin a Ponzi scheme
The billionaire banker argued that bitcoin and other speculative tokens don't do anything, and faci…
Theron Mohamed
3 mins read
10 countries that banned cryptos calling them threats, ponzi schemes & more
As per the Law Library of Congress, a global research directorate, eight jurisdictions had an absol…
2 mins read
Founder of now-defunct BitConnect has been indicted for a $2.4 billion crypto Ponzi scheme.
BitConnect has since ceased trading and its founder, Satish Kumbhani, has been charged with a litan…
Adam Morgan McCarthy
2 mins read
The SEC charged a podcast host for running an $11 million Ponzi scheme it says helped fund a lakeside mansion and courtside NBA seats
Matthew Motil, the host of "The Cash Flow King" used social media to lure more than 50 investors in…
Phil Rosen
1 min read
Binance CEO files defamation suit against Bloomberg's Hong Kong publisher following 'Ponzi scheme' headline
Zhao also filed a motion of discovery against Bloomberg LP and Bloomberg Inc., claiming the English…
Jennifer Sor
2 mins read
Indian founder on the run in global $2.4 billion crypto ponzi scheme
A federal grand jury in San Diego last week indicted Kumbhani with orchestrating a global Ponzi …
2 mins read
A former employee at bankrupt crypto-lender Celsius has sued the company, calling it a 'Ponzi scheme'
Jason Stone, the CEO of a firm that Celsius acquired, says the cryptocurrency lender failed to hedg…
Katie Canales
2 mins read
India should ban 'Ponzi' private cryptos or risk wrecking the country's financial system, a top RBI central banker has warned
Private cryptocurrencies are worse than a Ponzi scheme, and could wreck India's ability to control …
Hamza Fareed Malik
2 mins read
SEC charges 11 people for running a crypto Ponzi scheme that raised $300 million from retail investors worldwide
A defendant known as Lola Ferrari was among those who created Forsage, a website used to bilk milli…
Carla Mozée
3 mins read
The Wonderland DeFi community is scandalized after a Twitter user outed an anonymous executive with ties to one of the largest crypto Ponzi schemes in history
Wonderland's token, TIME, plummeted to an all-time low of $335 Thursday, down from its November pea…
Phil Rosen
1 min read
A crypto trader known as 'Coin Signals' pled guilty to swindling millions from investors by promising returns of nearly 150%
To hide his trading losses, Jeremy Spence used new investor funds to pay back other investors that …
Matthew Fox
2 mins read
3 fake pastors made $28 million in a financial literacy Ponzi scheme called '1st Millions' and tried to scrub an online article about a previous Ponzi scheme right before they were caught: DOJ
The men frequented churches, hotel galas, and upscale events to recruit at least 1,200 victims to t…
Azmi Haroun
1 min read
Brazilian police seized $28 million in bitcoin from an alleged Ponzi scheme in the country's largest crypto seizure ever
Police also arrested five individuals and confiscated 21 luxury cars and other high-value goods rel…
Emily Graffeo
2 mins read
Michael Lewis is hitting back at critics who feel he's been too sympathetic to Sam Bankman-Fried: 'I think they're crazy'
Michael Lewis' book on Sam Bankman-Fried, "Going Infinite: The Rise and Fall of a New Tycoon," was …
Huileng Tan
1 min read
Short seller Jim Chanos slams Michael Lewis' defense of FTX and compares the failed crypto exchange to Enron
Lewis told CBS that FTX only failed because of a bank run. "This was literally Enron's defense," Ch…