Receiver s Office Closing NOTICE TO ALL CLAIMANTS The Receiver s office will be officially closed on October 31, 2018 For inquiries after this date please contact the USDC...
A Virgin Islands-based financial manager ran a US 105-million Ponzi scheme that defrauded 400 investors by falsely claiming to invest in foreign currencies, the United States regulators charged Monday...
Hallmark of an Economic Ponzi Scheme by John Hussman of Hussman Funds Consider two economic systems In one, consumers work for employers to produce products and servic The employees are paid wages and salaries, and business owners earn profits...
Chief Operations Officer at Dalex Finance Joe Jackson says gold investment company Menzgold was running a Ponzi scheme on the blind side of its customers and regulators...
A US Virgin Islands financier accused by the Securities and Exchange Commission of running a 105 million Ponzi scheme was charged with criminal fraud and taken into custody in Chicago Daniel ....
Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out How did Ponzi schemes get their name ? The schemes are named after Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s...
A high-living con artist with a long history of grandiose schemes has pleaded guilty in the biggest fraud against individual investors in Florida historyAfter more than 10 months in a New York City...
The Ponzi Scheme Blog discusses hot legal and practical issues in the complex world of unraveling Ponzi Schem , a private equity fund headquartered in the British Virgin Islands, , aka Heera Gold, were running a Ponzi scheme...
from Ponzi-type investment scheme, IRS documents are linked at the bottom of the story as these losses are deductible as theft losses of income-producing property ,...
The SEC alleges that Zeek Rewards is a 600 million Ponzi scheme affecting 1 million investors, which would be one of the largest Ponzi schemes in history by number of affected investors...
SEC Enforcement Actions Against Ponzi Schemes What Is A Ponzi Scheme? A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors...
May 31, 2015 0183 32 Investigators have also found that a claims subsidiary of Virgin Gold, Asia Pacific Gold Mining Investments Ltd in Toronto is not registered for gold futures trading Police raided a Bangkok apartment complex in connection with an investigation of the UFUN alleged Ponzi scheme...
Sep 17, 2012 0183 32 However, as authorities would discover in early 2012, the operation was nothing more than a giant Ponzi scheme, with Wilson purchasing woefully insufficient quantities of silver and using ....
Former Biglaw Partner Indicted On Charges Related To Cryptocurrency Ponzi Scheme , in the British Virgin Islands, was arrested on a charge of conspiracy to commit money laundering According to ....
A Ponzi scheme is a form of fraud which lures investors and pays profits to older investors by using funds obtained from newer investors Investors may be led to believe that the profits are coming from product sales, or other means, and remain unaware that other investors are the source of profits...
Watch out, it could be just another ponzi scheme riding on the latest craze Bitcoin, the virtual cryptocurrency, is surging higher and higher, leading to fears that it can lead to e-ponzi schem The government is currently in a huddle to find out how to create safeguards against such a risk...
When Ponzi schemes make you sell gold coins - The Ponzi scheme, as you would know is named after Charles Ponzi, an Italian, who immigrated to the United Stat...
A pyramid scheme is a form of fraud similar in some ways to a Ponzi scheme, relying as it does on a mistaken belief in a nonexistent financial reality, including the hope of an extremely high rate of return...
DSI warns Phuket of another possible massive Ponzi scheme The Department of Special Investigation, part of the Ministry of Justice, has warned people not to get involved with what it describes as a money game being run by a company calling itself Virgin Gold Mining Corporation VGMC...
Gold Investing Like a Dangerous Ponzi Scheme Tuesday, 11/01/2011 13 41 Gold Investing does not offer a safe haven from financial turmoil, and is in fact almost like a Ponzi Scheme, a UK fund manager has sa...
Indonesian Man Suspected of 630 Million Ponzi Scheme Involving Meat-Trading Company Jordan D Maglich Thursday, , As is the case with Ponzi schemes offering substantial rates of return, when the inflow of new investor funds cannot support the monthly dividend payments, the scheme unravels , This is what Virgin Gold Mining Corporation ....
A US Virgin Islands financier accused by the Securities and Exchange Commission of running a 105 million Ponzi scheme was charged with criminal fraud and taken into custody in Chicago...
Investigators have also found that a claims subsidiary of Virgin Gold, Asia Pacific Gold Mining Investments Ltd in Toronto is not registered for gold futures trading Police raided a Bangkok apartment complex in connection with an investigation of the UFUN alleged Ponzi scheme...
Beginning of another avtar of classic Ponzi scheme Investors get sucked in due to their greed and lack of investing knowledge despite many warnings by Govt and SEBI against such money collecting schemes And then they expect Govt to bail them out of their ,...
In 2010, investors bought into a Gold-buyback scheme with Singapore based company, Genneva Gold and Valiant Capital In the same year, Mr Simon Goh, previously a relations executive of Genneva Gold sold investors 1kg of Gold bar for about 60,000 with a promise of receiving 1500 monthly dividends...
BullionStar was founded on the belief that precious metals generally, and gold specifically, has a central role in the monetary sphere Gold is rare, beautiful and ,...
The Federal Trade Commission charged a nationally advertised gold and silver marketing operation with bilking millions from consumers The FTC seeks to recover money from the defendants to return to their customers, many of whom allegedly lost thousands of dollars to the scheme...
Jan 06, 2018 0183 32 Watch video 0183 32 The founder of a Bitcoin hedge fund that has risen 27,000 debates a professor who says cryptocurrency s value is in danger of evaporating quickly...
Oct 19, 2018 0183 32 Swizz Gold Ponzi scheme operator arrested for alleged N1bn scam - The Zone Six Police Command with headquarters in Calabar, Cross River State, has arrested a fleeing operator of Swizz Gold Ponzi Scheme, Lizzy Efah, over alleged fraud...
Vitalik Buterin created an elaborate ponzi scheme built upon the liquidity and hype available from the bitcoin ponzi Get any experienced coder to look at Ethereum and they all agree it is a total mess...