Fueled by lax regulations afforded by the JOBS Act, Tampa’s RAD Diversified pitched itself as a new path to real-estate riches.Now tens of millions in assets have vanished and the SEC and Florida’s attorney general are investigating what could be Florida’s latest ponzi scheme. https://t.co/TFTOVkvVfw📸: Courtesy of The Business Roundup with Melissa Bill ...

A senior promoter behind the collapsed crypto platform IcomTech has been sentenced to nearly six years in federal prison for his role in a multimillion-dollar Ponzi scheme that targeted working-class, Spanish-speaking investors across the United States. Key Takeaways: An IcomTech promoter was sentenced to nearly six years for running a crypto Ponzi scheme. The platform used fake “guaranteed returns” to recycle investor funds. Mendoza must repay victims and forfeit assets. Magdaleno Mendoza was se ...

I never expected I'd be part of a Ponzi. I never expected to lose money. You fantasize, you know, you fantasize about.Well, maybe I can buy a bigger house. Or maybe I can send my kids to private school and do things that, you know what I mean, you normally wouldn't do. But that made the pain more hard at the end.He said, "Safe, safe, safe. We are going gangbusters". This is all fake. Like, everything is fictitious.This is a story about a series of crimes that could have easily been prevented. When I found o ...

Traditional finance is the biggest Ponzi scheme in American history.Good strategy for submitting a response to MSCII also had no idea what MSI was up until a week or so agoSeems pretty pointless .Michael Saylor (@saylor):Strategy has submitted its response to MSCI’s consultation on digital asset treasury companies. Index standards should be neutral, consistent, and reflective of global market evolution. Read our letter and share your support: https://t.co/yiPRYyw5Lk ...

hey chat what is it called when existing investors are paid with funds collected from new investors?ponzu sauce or something?incredibleripples lawyers are the 96 bulls for keeping this team out of jail for this much retail scammingzoomer (@zoomerfied):[ ZOOMER ]RIPPLE $500M SHARE SALE WHICH VALUED COMPANY AT $40B INCLUDED TERMS WHICH GIVE THE RIGHT TO SELL BACK SHARES AT A HIGHER PRICE, GUARANTEEING PROFITS FOR INVESTORS SUCH AS CITADEL: BBG ...

Sentiment Analysis - Individuals may react negatively when investment choices are questioned [1] Investment Considerations - The document references a "ponzi of choice," suggesting a potentially risky or unsustainable investment [1]

US President Donald Trump commuted the sentence of a convicted fraudster who went on to fleece investors in a new, multimillion-dollar Ponzi scheme at the height of the pandemic. Now Eli Weinstein is said to be planning to ask Trump for clemency again https://t.co/C3cvwwAgJo https://t.co/9OvWCKsc4u ...

Fraud & Legal Issues - Eli Weinstein promised reform but started another Ponzi scheme after release [1] - Weinstein used an alias in the new Ponzi scheme [1]

RT Hedgie (@HedgieMarkets)🦔I keep seeing people call Michael Saylor's Strategy a Ponzi scheme, so I wanted to walk through what's actually happening because the truth is more nuanced than the hot takes suggest.The Business Model and NumbersStrategy has no meaningful operating income. The company borrows money and issues stock to buy Bitcoin, then issues preferred shares that pay 8-10% dividends to fund more borrowing. That cycle works as long as Bitcoin keeps going up and they can raise capital. They hold 6 ...

I never expected I'd be part of a Ponzi. I never expected to lose money. You fantasize, you know, you fantasize about, well, maybe I can buy a bigger house or or maybe I can send my kids to private school, do things that, you know, you normally wouldn't do.But that made the pain more hard at the end. He said, "Safe, safe, safe. We are going gang buster. This is all fake." The thing like everything is fictitious. >> This is a story about a series of crimes that could have easily been prevented.>> When I foun ...