But what exactly do Friedman and Antoni mean when they say Social Security is a Ponzi scheme, and where do the concerns come from?And more recently, the issue has come back into the spotlight after President Donald Trump fired a labor statistics official in August 2025, filling the spot with economist E.J. Antoni — who has called Social Security a “Ponzi scheme” that “you’re not going to be able to sustain (3).”Most notably, Nobel Prize-winning economist Milton Friedman once called Social Security “the bigg ...

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 ...

Core Insights - A senior promoter of the collapsed crypto platform IcomTech, Magdaleno Mendoza, has been sentenced to 71 months in federal prison for his involvement in a multimillion-dollar Ponzi scheme targeting Spanish-speaking investors in the U.S. [2][8] - IcomTech, which promised guaranteed daily returns from cryptocurrency mining and trading, operated as a classic multi-level marketing Ponzi scheme, using funds from new investors to pay earlier participants while senior promoters misappropriated significant amounts for personal use [3][5]. Legal Consequences - Mendoza was ordered to pay $789,218.94 in restitution and forfeit $1.5 million, including his home in Downey, California, purchased with proceeds from the scheme [4]. - The sentencing also addressed Mendoza's illegal reentry into the U.S. after being deported multiple times, during which he continued to promote crypto Ponzi schemes [6]. Company Operations - IcomTech's operations included flashy promotional events across the country, where promoters showcased profits that investors could not actually withdraw [5]. - The introduction of a proprietary token called "Icoms" was intended to provide a solution for cash-out delays but ultimately proved worthless, exacerbating investor losses [5]. Broader Context - Several other individuals associated with IcomTech, including founder David Carmona and other senior promoters, have also been convicted and sentenced for their roles in the scheme [7].

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 ...