Ponzi scheme

Search documents
X @Wu Blockchain
Wu Blockchain· 2025-07-19 21:10
According to The Daily Telegraph, UK Chancellor Rachel Reeves is considering selling over £5 billion in Bitcoin seized by police to help close a fiscal gap. The assets include 61,000 BTC confiscated in 2018 from a Chinese Ponzi scheme. The Home Office is developing a “crypto storage and realisation framework” to manage and liquidate the holdings, with a tender offering up to £40 million in commission. https://t.co/SnUar6n5uo ...
X @CoinDesk
CoinDesk· 2025-07-09 05:34
The @DOJCrimDiv has charged the founder and another leader of the $650 million crypto linked ponzi scheme, OmegaPro. By @parikshitm899.https://t.co/Gzggb9h0dQ ...
X @Ignas | DeFi
Ignas | DeFi· 2025-07-09 00:31
Industry Perspective - Critics have long dismissed crypto as a Ponzi scheme [1] - Early DeFi experienced liquidity games [1] - TradFi Crypto Treasuries might create large-scale Ponzi schemes [1]
X @Elon Musk
Elon Musk· 2025-07-08 16:13
National Debt & Future Obligations - The national debt is estimated to be double the perceived amount due to future obligations [2] - Future obligations of Social Security significantly exceed tax revenue [2] - Social Security is described as a "Ponzi scheme" where current payments are funded by current contributions [1] Social Security Concerns - Social Security's obligations cover an individual's entire retirement career [1] - People are living longer than expected, and birth rates are declining, increasing the burden on the system [3] - The financial situation for the federal government is expected to worsen in the future [3]
X @Ignas | DeFi
Ignas | DeFi· 2025-07-08 12:23
For years, critics called crypto as nothing more than a Ponzi scheme.Sure, early DeFi had quite a few memorable liquidity games.But with TradFi Crypto Treasuries, we might just succeed in the most epic Ponzis of all time. ...
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of XP Inc. - XP
GlobeNewswire News Room· 2025-04-25 17:44
Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud or unlawful business practices involving XP Inc. and its officers or directors [1] Group 1: Investigation and Allegations - Pomerantz LLP is representing investors of XP Inc. in an investigation regarding possible securities fraud [1] - Grizzly Research published a report alleging that XP is operating a Ponzi scheme through derivatives sales misrepresented as proprietary trading profits [3] - Following the report's release, XP's stock price decreased by $0.82, or 5.48%, closing at $14.14 per share on March 12, 2025 [3] Group 2: Company Background - Pomerantz LLP is recognized as a leading firm in corporate, securities, and antitrust class litigation, with a history of recovering significant damages for victims of securities fraud [4]
XP Inc. (XP) Faces Scrutiny After Short Seller Alleges Company Operates A "Madoff-like" Ponzi Scheme - Hagens Berman
Prnewswire· 2025-04-08 13:09
Core Viewpoint - XP Inc. is facing serious allegations of operating a Ponzi scheme, leading to a significant decline in its share price after a report was published by Grizzly Research, which claims that the company's profits are unsustainable and dependent on misleading financial practices [1][3]. Group 1: Allegations and Investigations - A report titled "XP's Entire Profits Are Dependent on What Insiders Call a 'Madoff-Like Ponzi Scheme'" was published by Grizzly Research, causing XP's share price to drop over 5% [1][3]. - Hagens Berman, a prominent investor rights firm, is investigating the allegations against XP and is encouraging affected investors to come forward with their losses [1][2]. - The investigation is focused on the accuracy of XP's statements regarding its business model and its claims of improved internal controls over financial reporting [2][3]. Group 2: Specific Claims from the Report - The Grizzly Research report alleges that XP is running a Ponzi scheme through certain derivatives sales to retail clients, misrepresenting these as proprietary trading profits [5]. - A fund called GLADIUS FIM CP IE, which reportedly returned over 2,419% over the last five years with low volatility, is central to these allegations, suggesting that without this fund, XP would be unprofitable [5]. - The report indicates that the profitability of Gladius is tied to a product called COE (Certificado de Operações Estruturadas), which XP aggressively markets to Brazilian retail clients [5]. - Former employees have claimed that the scheme relies on continuous inflows from COEs, and if these inflows cease, XP could face significant financial obligations it cannot meet [5].
XP Inc. (XP) Faces Scrutiny After Short Seller Alleges Company Operates A “Madoff-like” Ponzi Scheme – Hagens Berman
GlobeNewswire News Room· 2025-04-03 16:05
Core Viewpoint - XP Inc. is facing serious allegations of operating a Ponzi-like scheme, leading to a significant decline in its share price after a report by Grizzly Research was published [1][3]. Group 1: Allegations and Investigations - A report titled "XP's Entire Profits Are Dependent on What Insiders Call a 'Madoff-Like Ponzi Scheme'" was published by Grizzly Research, causing XP's share price to drop over 5% [1][3]. - Hagens Berman, a prominent investor rights firm, is investigating the allegations and is encouraging affected investors to submit their losses [1][2]. - The investigation is focused on the accuracy of XP's statements regarding its business model and its internal financial controls [2][3]. Group 2: Details of the Allegations - The report claims that XP is running a massive Ponzi scheme through certain derivatives sales to retail clients, misrepresented as proprietary trading profits [7]. - A specific fund, GLADIUS FIM CP IE, reportedly returned over 2,419% over five years with low volatility, raising questions about its legitimacy [7]. - The profitability of XP is allegedly dependent on the sales of a product called COE (Certificado de Operações Estruturadas), which is aggressively marketed to Brazilian retail clients [7]. - Former employees indicated that the scheme relies on continuous inflows of COEs, and a halt in sales could lead to significant liabilities for XP [7].