Category: Ponzi Scheme

Brooke Germain / Nevada SagebrushAn illustration of an ape in the art style of the Bored Ape Yacht Club hanging onto the top of a…

View More NFTs are the Internet’s new favorite Ponzi scheme

Many Nigerians will not be in a hurry to forget their experiences with Ponzi scheme operators because of the bitter taste they leave in the…

View More Greedy Nigerians Fall Victims Of Ponzi Schemes

New Delhi: Zachary Horvitz made up bogus contracts with HBO and Netflix to dupe investors into handing over large sums of money which he spent…

View More Actor Zachary Horwitz Sentenced To Jail For Running A $650 Million Hollywood Ponzi Scheme

Cryptocurrencies are akin to Ponzi schemes or worse and banning them is the most sensible option for India to avoid the threat they pose to…

View More RBI Crypto Ban News: Cryptos akin to Ponzi schemes, banning it is the most advisable choice: RBI deputy governor – The Economic Times Video

A struggling sci-fi actor who swindled 250 investors out of $650million as part of a Hollywood Ponzi scheme of a ‘staggering magnitude,’ using it to…

View More Small-time actor sentenced to 20 years in $650M Ponzi scheme

An American actor who swindled $650 million in a huge Hollywood ponzi scheme, using it to finance a lavish lifestyle of yachts, jets and fast…

View More Hollywood actor jailed for $650 million movie ponzi scheme

RBI Deputy Governor T Rabi Sankar also dissed various definitions of crypto devised by its proponents, and said crypto is not a currency, asset or…

View More RBI deputy governor says crypto akin to ponzi schemes, even worse; says, ban ‘most advisable’

The Reserve Bank of India’s deputy governor, T Rabi Sankar, has called for a ban on cryptocurrencies in India, saying that they are similar to…

View More Cryptocurrency is like Ponzi scheme, says RBI deputy governor urging for ban

The Department of Justice said in a news release that Horowitz “raised at least $650 million with bogus claims that investor money would be used…

View More Zachary Horwitz sentenced to 20 years for multimillion-dollar Ponzi scheme

          LOS ANGELES – A Los Angeles man was sentenced today to 240 months in federal prison for operating a Ponzi scheme that raised at…

View More L.A. Man Sentenced to 20 Years in Federal Prison for $650 Million Ponzi Scheme that Falsely Claimed to License Foreign Film Rights | USAO-CDCA