You Searched For "ponzi" and got 20 results
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5 mins read
10 financial scams that shook India: A dive into deception
From Ponzi schemes to bank frauds, the Indian government and investors have fallen victim to many f…
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
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
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
2 mins read
A convicted Ponzi schemer whose sentence Trump commuted after an intense lobbying push is now being charged with defrauding investors, again
Trump's commutation of Eliyahu "Eli" Weinstein's sentence was one of his final acts as president. I…
Brent D. Griffiths
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
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
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
Ponzi probe finds bankrupt crypto lender Celsius wasn't doing business the way it told customers
Court-appointed examiner Shoba Pillay said the bankrupt Celsius Network acted as the market maker f…
Ryan Hogg
1 min read
Carl Icahn's investment company has come under investigation by prosecutors following short-seller claims the firm was running a 'Ponzi-like' scheme
"The US Attorney's office has not made any claims or allegations against us or Mr. Icahn," Icahn En…
Jennifer Sor
2 mins read
GOP Rep. George Santos raised money for a company that the SEC called a Ponzi scheme: report
The embattled New York congressman raised money for Harbor City Capitol, which the SEC called a "Po…
Kenneth Niemeyer
1 min read
Elements of private equity firms resemble Ponzi schemes, Europe's largest asset manager says
"Eventually there will be casualties, but that might not be for three, four, or five years," Amundi…
Brian Evans
2 mins read
Activist investor Carl Icahn's wealth plunged by $10 billion after a short-seller accused his company of running a 'Ponzi-like' structure
Icahn is now worth $14.6 billion after his fortune slumped 41% on Tuesday due to a short seller rep…
Huileng Tan
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…
1 min read
Crypto firm BKCoin hit by emergency asset freeze over alleged $100 million Ponzi scheme that paid for co-founder's rent and vacations
BKCoin's co-founder was accused of spending $371,000 of investor money to pay for vacations, sporti…
Zahra Tayeb
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
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
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
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 …