JPMorgan CEO Jamie Dimon said Bitcoin is a fraud and a Ponzi scheme in 2024JPMorgan now lets institutional clients use Bitcoin as collateral 🤔 https://t.co/PyL8L01CHC ...

RT ponzi.land (@ponzidotland)Dear ponziboys,today set it all on fire.We're waiting for you,8PM CEST. https://t.co/pQ6PC0pFpP ...

RT ponzi.land (@ponzidotland)Dear algo,announce this to anyone that got scammed.This is for you, we're opening the gates.Ponziland goes LIVE tomorrow October 15th.Bring your assets, we build the rest. ...

You are a real piece of s--- if you believe I have taken your money. You destroyed your dream when you stop believing in me. There are two sides to Sam Lee.Hi, I'm Sam. I'd like to introduce you to my girlfriend. We all know who I'm talking about right here.It's Bitcoin. With Hyperverse and Blockchain Global, he's championed the potential of cryptocurrencies. Bitcoin is just part of the fintech revolution.We're able to democratize currency just like how the internet democratized information. He's appeared o ...

You are a real piece of s--- if you believe I have taken your money. You destroyed your dream when you stop believing in me. There are two sides to Sam Lee.Hi, I'm Sam. I'd like to introduce you to my girlfriend. We all know who I'm talking about right here.It's Bitcoin. With Hyperverse and Blockchain Global, he's championed the potential of cryptocurrencies. Bitcoin is just part of the fintech revolution.We're able to democratize currency just like how the internet democratized information. He's appeared o ...

Everyone that normally bullposts onchain ponzis right before they collapse is now bullposting the solana weed dealer gamedo with that information what you will ...

RT ponzi.land (@ponzidotland)BTCFi https://t.co/IiFNLl06Zz ...

Core Insights - The founders of Retail Ecommerce Ventures (REV) have been charged with orchestrating a $112 million Ponzi scheme involving several distressed retail brands [2][3] Group 1: Allegations and Charges - The SEC filed a complaint against Tai Lopez, Alex Mehr, and Maya Burkenroad for raising funds through fraudulent securities offerings from April 2020 to November 2022 [3][4] - The SEC claims that the defendants misled investors about the profitability of the acquired brands, which were actually not generating profits [6][7] Group 2: Investment Strategy and Returns - Investors were offered unsecured notes with annualized returns of up to 25% and equity stakes with monthly dividends over 2% [4] - REV promoted an aggressive turnaround strategy, converting acquired brands into online-only businesses and promising high returns based on supposed strong cash flow [5] Group 3: Financial Mismanagement - To maintain the illusion of success, the defendants allegedly paid existing investors using funds from new investors, merchant cash advances, and loans, with at least $5.9 million in returns funded in this manner [6] - Internal financial statements revealed significant losses for brands like Dressbarn and Stein Mart, contradicting the positive claims made to investors [7]

Economic Commentary - The country officially becomes a Ponzi scheme when interest payments exceed tax revenue [1] Bitcoin Implication - The tweet is from a Bitcoin-related account, potentially implying a negative view of traditional financial systems and a positive view of Bitcoin as an alternative [1]

Core Viewpoint - The SEC has accused the co-founders of Retail Ecommerce Ventures of running a Ponzi scheme that defrauded investors of tens of millions of dollars through misleading investment practices [1][2]. Group 1: Allegations and Financial Details - The SEC's complaint alleges that Alex Mehr, Tai Lopez, and COO Maya Burkenroad raised approximately $112 million from hundreds of U.S. investors by selling investments in eight companies under Retail Ecommerce Ventures [2][13]. - Between April 2020 and November 2022, they sold unsecured notes promising returns of up to 25% annually and ownership shares with monthly payouts as high as 2% [3]. - The SEC claims that while some portfolio companies generated revenue, none were profitable, contradicting assurances made to investors about strong cash flow and business performance [9]. Group 2: Misuse of Funds - The SEC alleges that to meet interest and dividend payments, the accused used a combination of loans, cash advances, and funds from new and existing investors, indicating a reliance on incoming investments to pay returns [10]. - At least $5.9 million of the returns distributed to investors were described as "Ponzi-like payments" funded by other investors, and approximately $16.1 million was misappropriated for personal use by Mehr and Lopez [12]. Group 3: Impact on Retail Brands - The brands involved, including Dress Barn, Linen 'N Things, Modell's, Pier 1, and RadioShack, were ultimately defaulted on, leading to their acquisition by a new company, Omni Retail Enterprises, LLC [13].