Real Estate Market Outlook - Western hemisphere real estate markets are predicted to collapse [1] - The real estate market is described as a Ponzi scheme that can no longer attract new capital [1] Investment Trends - Young people are choosing to invest in Bitcoin (0.5 BTC) rather than using savings as a deposit for a 25-year mortgage [1] - This shift in investment preference is impacting the demand for housing [1] Housing Valuation - Housing value is determined by what people are willing to pay [1] - Currently, there is a lack of buyers in the market [1]

Housing prices will crash hard.The ponzi has collapsed.The youth buy crypto with their spare money.Nobody is saving for a deposit on mortgages to buy over price boomer jackpots.Everyone hates banks.Houses are too expensive.Bitcoin is the solution. ...

Allegations of Misconduct - The US SEC alleges a company operating distressed brick-and-mortar brands like RadioShack and Pier 1 Imports operated as a Ponzi-like scheme [1] Business Model - The company promised investors big returns through a pivot to e-commerce [1]

Core Viewpoint - Ramil Palafox, CEO of Praetorian Group International (PGI), pled guilty to wire fraud and money laundering, operating a Ponzi scheme that defrauded over 90,000 investors, resulting in significant financial losses [1][4]. Group 1: Company Operations - PGI claimed to conduct Bitcoin trading and promised daily returns of 0.5%-3%, which were unsustainable given the firm's modest operations [2]. - The firm misled investors through a fraudulent website that falsely indicated their investments were growing during 2020-21 [3]. Group 2: Financial Impact - More than $201 million was invested in PGI from December 2019 to October 2021, with investors losing at least $62.6 million due to the scam [4]. - Palafox misappropriated funds for personal luxury expenditures, including approximately $3 million on luxury vehicles and over $6 million on homes [6]. Group 3: Legal Consequences - Palafox faces a potential sentence of up to 40 years in prison and is required to pay restitution of $62.6 million as part of his plea agreement [8].

The SEC is dropping its 16-year-old case against an executive convicted of aiding R. Allen Stanford’s $7 billion Ponzi scheme after former President Biden cut short his prison term https://t.co/Mk7hjsbb0M ...

2013 HBS MBA Vladimir Artamonov has been arrested and indicted in federal court on fraud and other charges Vladimir Artamonov, a 2013 graduate of Harvard Business School, has been indicted in federal court for allegedly defrauding classmates and other investors out of more than $4 million, according to reports in multiple news outlets. Artamonov was arrested earlier this week in Elkridge, Maryland, and charged with securities fraud, wire fraud, and investment adviser fraud in the U.S. District Court f ...

A Harvard Business School graduate was arrested Thursday on fraud charges alleging he swindled fellow alumni of the prestigious school out of over $4 million in a Ponzi scheme, even assuring one investor they would soon “brag” about their “crazy gains” at the school’s reunion.Vladimir Artamonov, 46, was taken into custody in Elkridge, Maryland, where he lived, and was charged with securities, wire and investment adviser fraud for allegedly carrying out the scheme from September 2021 through February 2024.An ...

Bitcoin trading firm CEO pleads guilty to $200 million Ponzi scheme, faces up to 40 years in prison https://t.co/a55KxElapK ...

Ramil Ventura Palafox, the chief executive of a bitcoin investment and multi-level marketing firm, has pleaded guilty to wire fraud and money laundering. According to federal authorities, he orchestrated a Ponzi scheme that defrauded more than 90,000 global investors. The 60-year-old dual citizen of the United States and the Philippines admitted in federal court that he used Praetorian Group International (PGI) to lure investors with false promises of daily profits. Between December 2019 and October 2021 ...

CEO of ‘Textbook Ponzi’ Pleads Guilty in $200M Bitcoin Fraud Case► https://t.co/8wJUWrGcEW https://t.co/8wJUWrGcEW ...