#ponzischeme — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #ponzischeme, aggregated by home.social.
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"Tuesday morning, the Maurene Comey ruling came down. Tuesday afternoon, the Comey indictment came down. The Epstein survivors who were on Capitol Hill on Tuesday with Representative Ro Khanna trying to get attention got pushed out of the cycle entirely. This is how the chaos becomes “normalized” and we aren’t going to let that happen."
https://kaitjustice.substack.com/p/lev-remembers-special-live-kait-justice #JamesComey #MaureneComey #Epstein #EpsteinFiles #CoverUp #DOJ #ToddBlanche #fascism #GhislaineMaxwell #distraction #PonziScheme
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"Tuesday morning, the Maurene Comey ruling came down. Tuesday afternoon, the Comey indictment came down. The Epstein survivors who were on Capitol Hill on Tuesday with Representative Ro Khanna trying to get attention got pushed out of the cycle entirely. This is how the chaos becomes “normalized” and we aren’t going to let that happen."
https://kaitjustice.substack.com/p/lev-remembers-special-live-kait-justice #JamesComey #MaureneComey #Epstein #EpsteinFiles #CoverUp #DOJ #ToddBlanche #fascism #GhislaineMaxwell #distraction #PonziScheme
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"Tuesday morning, the Maurene Comey ruling came down. Tuesday afternoon, the Comey indictment came down. The Epstein survivors who were on Capitol Hill on Tuesday with Representative Ro Khanna trying to get attention got pushed out of the cycle entirely. This is how the chaos becomes “normalized” and we aren’t going to let that happen."
https://kaitjustice.substack.com/p/lev-remembers-special-live-kait-justice #JamesComey #MaureneComey #Epstein #EpsteinFiles #CoverUp #DOJ #ToddBlanche #fascism #GhislaineMaxwell #distraction #PonziScheme
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"Tuesday morning, the Maurene Comey ruling came down. Tuesday afternoon, the Comey indictment came down. The Epstein survivors who were on Capitol Hill on Tuesday with Representative Ro Khanna trying to get attention got pushed out of the cycle entirely. This is how the chaos becomes “normalized” and we aren’t going to let that happen."
https://kaitjustice.substack.com/p/lev-remembers-special-live-kait-justice #JamesComey #MaureneComey #Epstein #EpsteinFiles #CoverUp #DOJ #ToddBlanche #fascism #GhislaineMaxwell #distraction #PonziScheme
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"Tuesday morning, the Maurene Comey ruling came down. Tuesday afternoon, the Comey indictment came down. The Epstein survivors who were on Capitol Hill on Tuesday with Representative Ro Khanna trying to get attention got pushed out of the cycle entirely. This is how the chaos becomes “normalized” and we aren’t going to let that happen."
https://kaitjustice.substack.com/p/lev-remembers-special-live-kait-justice #JamesComey #MaureneComey #Epstein #EpsteinFiles #CoverUp #DOJ #ToddBlanche #fascism #GhislaineMaxwell #distraction #PonziScheme
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Even grifters don't like getting duped in a Ponzi scheme! Grifter Boffin J. Sun rails against World Liberty Finance (WLFI) for:
1) secretly implementing a one-signature freeze function, used to blacklist his wallet
2) WFLI posted ~ $5B WLFI token on Dolomite as collateral to borrow $250 million in Stablecoins > classic circular financing move
Lawsuits are likely! https://www.cryptotimes.io/2026/04/13/justin-sun-claims-wlfi-has-a-one-signature-wallet-freeze-power/ #WLFI #Crypto #CryptoCurrencies #BlockChain #StableCoins #Tron #TRXTokens #Grift #Grifters #PonziScheme #Lawsuit #SEC #MemeCoins
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Even grifters don't like getting duped in a Ponzi scheme! Grifter Boffin J. Sun rails against World Liberty Finance (WLFI) for:
1) secretly implementing a one-signature freeze function, used to blacklist his wallet
2) WFLI posted ~ $5B WLFI token on Dolomite as collateral to borrow $250 million in Stablecoins > classic circular financing move
Lawsuits are likely! https://www.cryptotimes.io/2026/04/13/justin-sun-claims-wlfi-has-a-one-signature-wallet-freeze-power/ #WLFI #Crypto #CryptoCurrencies #BlockChain #StableCoins #Tron #TRXTokens #Grift #Grifters #PonziScheme #Lawsuit #SEC #MemeCoins
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Even grifters don't like getting duped in a Ponzi scheme! Grifter Boffin J. Sun rails against World Liberty Finance (WLFI) for:
1) secretly implementing a one-signature freeze function, used to blacklist his wallet
2) WFLI posted ~ $5B WLFI token on Dolomite as collateral to borrow $250 million in Stablecoins > classic circular financing move
Lawsuits are likely! https://www.cryptotimes.io/2026/04/13/justin-sun-claims-wlfi-has-a-one-signature-wallet-freeze-power/ #WLFI #Crypto #CryptoCurrencies #BlockChain #StableCoins #Tron #TRXTokens #Grift #Grifters #PonziScheme #Lawsuit #SEC #MemeCoins
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Even grifters don't like getting duped in a Ponzi scheme! Grifter Boffin J. Sun rails against World Liberty Finance (WLFI) for:
1) secretly implementing a one-signature freeze function, used to blacklist his wallet
2) WFLI posted ~ $5B WLFI token on Dolomite as collateral to borrow $250 million in Stablecoins > classic circular financing move
Lawsuits are likely! https://www.cryptotimes.io/2026/04/13/justin-sun-claims-wlfi-has-a-one-signature-wallet-freeze-power/ #WLFI #Crypto #CryptoCurrencies #BlockChain #StableCoins #Tron #TRXTokens #Grift #Grifters #PonziScheme #Lawsuit #SEC #MemeCoins
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Has Australia finally hit the limits of its great economic ponzi?
A sharp discussion with Paul Miron from Msquared Capital on how soaring property prices, mass migration and a fair bit of luck have masked deeper structural cracks especially housing affordability. -
https://www.europesays.com/africa/135555/ Security recruitment: Ghanaian youth seeking jobs are being trapped in “ponzi scheme” under NDC – Amekplenu #AsaaseRadio #Ghana #GovernmentAccountability #NPP #PoliticalCommentary #PonziScheme #SecurityServiceRecruitment #SenyoAmekplenu #TheForum #YouthEmployment
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When #Bitcoin hit 100K I recommended that anyone holding it sell, as a #PonziScheme can only last so long. Bet you wish you had.
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but it still hasn't made any profit, so as a business model, it can be filed under #PonziScheme
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When the affected players approached the businessman, he apparently claimed to have incurred heavy losses. https://english.mathrubhumi.com/sports/news/millions-at-stake-babar-rizwan-shaheen-ponzi-scheme-report-k1xj9d5l?utm_source=dlvr.it&utm_medium=mastodon #PonziScheme #BabarAzam #MohammadRizwan #ShaheenShahAfridi
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Jim Cramer and Elon Musk Agree on Social Security — But Retirees Won’t Like to Hear it
ShutterstockProfessional / Shutterstock.com Quick Read Both Cramer and Musk have called Social Security a Ponzi scheme. The program…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #elonmusk #financialchallenges #JimCramer #PersonalFinance #Ponzischeme #RetirementSavings #socialsecurity #socialsecuritybenefits
https://www.newsbeep.com/us/412594/ -
Jim Cramer and Elon Musk Agree on Social Security — But Retirees Won’t Like to Hear it
ShutterstockProfessional / Shutterstock.com Quick Read Both Cramer and Musk have called Social Security a Ponzi scheme. The program…
#NewsBeep #News #US #USA #UnitedStates #UnitedStatesOfAmerica #Personalfinance #Business #elonmusk #financialchallenges #JimCramer #PersonalFinance #Ponzischeme #RetirementSavings #socialsecurity #socialsecuritybenefits
https://www.newsbeep.com/us/412594/ -
Strange, isn't it, that your newsfeed isn't full of demands from businesses and consumers to fix the latency of generative AI chatbots, and stories about the crisis of access? ("I'm losing business because my prompt engineers can't get responses quick enough!")
Instead, the loudest voices are the big tech companies screaming that they need gigawatt-consuming data centres.
Can you spot the disconnect?
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KI: Jetzt wird es teuer für alle - via Golem.de
https://www.golem.de/news/ki-jetzt-wird-es-teuer-fuer-alle-2601-204124.html
"Das Ganze gleicht einem Pyramidensystem"
"In Pennsylvania stiegen die Stromerzeugungspreise binnen eines Jahres von knapp 29 US-Dollar pro Megawatt am Tag auf knapp 270 US-Dollar"
"KI-Blogger Ed Citron nennt die derzeit zu beobachtenden Auswüchse „Enshittifinancial Crisis“"
"KI-Rechenzentren kosten Unsummen und erwirtschaften nichts. Geld verdienen daran nur wenige"
#aibubble #ponzischeme #enshittification -
"By the conventional measures of corporate governance, OpenAI presents an impossibility. The organization projects $12.7 billion in revenue for 2025, commands a $500 billion valuation following its October share sale, and sits at the center of a $1.4 trillion infrastructure commitment spanning the world’s largest technology companies. Yet according to IRS Form 990 filings accessible through ProPublica’s database, OpenAI’s financial audits through fiscal year 2022 were conducted by Fontanello, Duffield & Otake, LLP—a San Francisco boutique firm with approximately twelve professionals specializing in nonprofits and early-stage entities.
No public disclosure announces a change in auditor since those filings. No Big Four accounting firm—Deloitte, PwC, EY, or KPMG—appears in any corporate communication regarding OpenAI’s financial oversight. For context, 98% of S&P 500 companies retain Big Four auditors, a concentration driven not by preference but by practical necessity: detecting material misstatement in complex, high-velocity organizations requires institutional capacity that boutique firms cannot provide.
This auditor gap would be merely curious in isolation. What transforms it into a systemic concern is the architecture of capital flows that OpenAI both enables and depends upon—a structure that investment analyst Michael Burry recently characterized as a “fraud flywheel” in social media posts backed by network diagrams mapping inter-firm transactions."
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"Mr. Trump and his Silicon Valley backers may have taken different journeys to get to their embrace of crypto, but they have ended up in the same place: The government, and the population, exists to serve the interests of their businesses, their enrichment, and their aggrandizement. So the trick of libertarianism wasn’t on them. It was on us.
For decades, libertarians tried to sell us on wild notions like ending the public school system, abolishing the police, ripping up all environmental protection, canceling the Federal Reserve. None of those notions succeeded, perhaps because they attacked real-world institutions that we understand. It took an obscure technology, fueled by the Silicon Valley hype machine, mountains of dirty money and a massive gambling boom, to persuade millions of voters to embrace an extreme vision of individual freedom and decentralized money — and somehow overlook the authoritarianism and criminality that accompanied it all along.
Crypto is the most successful libertarian project in American history. A technology developed to escape the state is now at the political center of a global superpower. Crypto has become a machine for transferring control and wealth from the many to the few, a bribery-as-a-service platform for buying and selling influence among authoritarian oligarchs. It’s the perfect technological expression of the Trump moment: our country’s crypto era."
https://www.nytimes.com/2025/10/24/opinion/crypto-trump-libertarianism-corruption.html
#USA #Trump #Crypto #Cryptocurrencies #Libertarians #Libertarianism #PonziScheme #Kleptocracy
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"In February, the Securities and Exchange Commission asked a federal judge to pause a civil fraud case against Mr. Sun. The pause was granted. In May, Mr. Sun’s position as the top holder of Mr. Trump’s memecoin earned him, and dozens of other top $TRUMP owners, an invitation to a dinner at Trump National Golf Club in Virginia. There, Mr. Sun received a gold watch.
In another era (in other words, a few years ago), we would have already had congressional hearings and law enforcement investigations into the president’s crypto business interests. But the Supreme Court’s recent decision related to presidential immunity signals that such moves could end up being practically superfluous.
The Department of Justice will not indict a sitting president, and to start his term, Mr. Trump fired 18 inspectors general, who might otherwise have been able to investigate and shine light on the crypto activities of this administration. In February, he ordered the Justice Department to suspend enforcement of the Foreign Corrupt Practices Act, which prohibits the bribery of foreign officials. (Four months later, the suspension was lifted.) Enforcement agencies have shifted their priorities away from crypto, while the administration has helped usher in legislation favored by the crypto industry.
Mr. Trump and his sons’ enormous accumulation of crypto wealth appears set to continue throughout his term. There seems to be no upper bound to how much foreign money can be channeled toward him. It’s an open door to a form of corruption, at the highest level, that Americans have never had to confront. But we must confront the dark possibilities it presents."
https://www.nytimes.com/2025/10/17/opinion/world-liberty-financial-crypto-trump.html
#USA #Trump #Crypto #Cryptocurrencies #PonziScheme #Kleptocracy
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"At 4:50 pm on October 10, when traditional markets were closed, Donald Trump launched a new salvo in the simmering US–China trade war. Likely referring to China’s dramatically expanded restrictions on the rare earth minerals it almost singlehandedly controls, Trump posted that he would retaliate with an imminent 100% tariff increase on the country and new export controls on software. The timing muted the announcement’s impact on US equities markets and left Asian markets largely untouched,1 but crypto absorbed the full shock of the Trump-induced panic. The episode compressed a global liquidity crisis into less than an hour — a sign that the market most eager to be taken seriously may also be the one least equipped to handle real-world shocks.
Bitcoin shed more than $10,000 in a matter of minutes, with the flash crash wiping out at least 10%a of its value instantly and pushing prices 15% below their morning levels. Traders holding $19 billion in leveraged positions were liquidated in a blink, and complaints erupted on social media as crypto platform glitches exacerbated losses.
The worst of the chaos was over quickly, and Trump’s Sunday retreat from his bold threats made only days prior helped to further stabilize jumpy markets — though bitcoin continues to trade down about 13% below its price from that morning, and 16% below its all-time high set only the prior Monday. But the October 10 panic gave a valuable reminder of the frightening speed at which crypto markets can unravel, and a dire warning for a future scenario in which crypto is further integrated into traditional finance."
https://www.citationneeded.news/anatomy-of-a-crypto-meltdown/
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"After making millions of dollars selling branded bibles, cologne, sneakers and autographed guitars, the president has extracted tens of millions of dollars more from social media and news companies who settled lawsuits brought by Trump that few legal experts believed had any merit. His wife Melania has landed a $40mn documentary deal with Amazon, far eclipsing industry rates.
But the heart of Trump’s newfound wealth is a rapidly growing cryptocurrency empire built by the president and his family. According to a Financial Times investigation, this business has already reaped more than $1bn in pre-tax profits over the past year, in part thanks to a crypto boom fuelled by the administration’s own industry-friendly policies.
The calculation of the income from these crypto projects includes only realised profits. Trump’s crypto ventures have also boosted his net worth on paper by billions of dollars. For example, his stake in Trump Media & Technology Group, the parent company of Truth Social and a bitcoin-treasury business, is now worth $1.9bn."
https://www.ft.com/content/2ea2b35b-e009-42ed-b4d3-6b21aa9b2a13
#USA #Trump #Crypto #Cryptocurrencies #PonziScheme #Kleptocracy
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The world of #finance is a #PonziScheme.
#banksters #markets #governments
“The next #crisis happens to the entity that absorbed the #cost of the previous one”
Every #bailout keeps getting bigger and the next one is coming soon.
#SovereignDebt #CentralBanks
https://youtube.com/watch?v=mnRzrau7gpE&si=DeA13Or92xQxUVZb -
The world of #finance is a #PonziScheme.
#banksters #markets #governments
“The next #crisis happens to the entity that absorbed the #cost of the previous one”
Every #bailout keeps getting bigger and the next one is coming soon.
#SovereignDebt #CentralBanks
https://youtube.com/watch?v=mnRzrau7gpE&si=DeA13Or92xQxUVZb -
The world of #finance is a #PonziScheme.
#banksters #markets #governments
“The next #crisis happens to the entity that absorbed the #cost of the previous one”
Every #bailout keeps getting bigger and the next one is coming soon.
#SovereignDebt #CentralBanks
https://youtube.com/watch?v=mnRzrau7gpE&si=DeA13Or92xQxUVZb -
The world of #finance is a #PonziScheme.
#banksters #markets #governments
“The next #crisis happens to the entity that absorbed the #cost of the previous one”
Every #bailout keeps getting bigger and the next one is coming soon.
#SovereignDebt #CentralBanks
https://youtube.com/watch?v=mnRzrau7gpE&si=DeA13Or92xQxUVZb -
The world of #finance is a #PonziScheme.
#banksters #markets #governments
“The next #crisis happens to the entity that absorbed the #cost of the previous one”
Every #bailout keeps getting bigger and the next one is coming soon.
#SovereignDebt #CentralBanks
https://youtube.com/watch?v=mnRzrau7gpE&si=DeA13Or92xQxUVZb -
"To start with, I had previously assumed a 10-year depreciation curve, which I now recognize as quite unrealistic based upon the speed with which AI datacenter technology is advancing. Based on my conversations over the past month, the physical datacenters last for three to ten years, at most. Changes to cooling systems, chip and racking designs, power systems, and even overall layouts, mean that the buildings themselves are likely depreciating quite rapidly as well. Then when you consider that new GPU iterations, which seem to come out every year or two, effectively obsolete prior models, you realize that I should have been using a much faster depreciation curve across the whole capitalized structure.
However, if you speed up the depreciation curve to something in the three to five-year range, it would imply that my prior breakeven revenue number of $160 billion to justify 2025’s capex spend, is woefully inadequate. In reality, the industry probably needs a revenue range that is closer to the $320 billion to $480 billion range, just to break even on the capex to be spent this year. As I wasn’t educated on the intricacies of a datacenter, I wasn’t bearish enough on the economics of an AI datacenter. No wonder my new contacts in the industry shoulder a heavy burden—heavier than I could ever imagine. They know the truth.
Remember, the industry is spending over $30 billion a month (approximately $400 billion for 2025) and only receiving a bit more than a billion a month back in revenue. The mismatch is astonishing, and this ignores that in 2026, hundreds of billions of additional datacenters will get built, all needing additional revenue to justify their existence. Adding the two years together, and using the math from my prior post, you’d need approximately $1 trillion in revenue to hit break even, and many trillions more to earn an acceptable return on this spend."
https://pracap.com/an-ai-addendum/
#AI #GenerativeAI #AIBubble #PonziScheme #Economy #AIHype #DataCenters
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"OpenAI cannot build a gigawatt of data centers for AMD by the “second half of 2026.” It haven’t even announced the financing, let alone where the data center might be, and until it does that it’s impossible to plan the power, which in and of itself takes months before you even start building.
Every promise you’re reading in the news is impossible. Nobody has even built a gigawatt data center, and more than likely nobody ever will. Stargate Abilene isn’t going to be ready in 2026, won’t have sufficient power until at best 2027, and based on the conversations I’ve had it’s very unlikely it will build that gigawatt substation before the year 2028.
In fact, let me put it a little simpler: all of those data center deals you’ve seen announced are basically bullshit. Even if they get the permits and the money, there are massive physical challenges that cannot be resolved by simply throwing money at them. "
https://www.wheresyoured.at/the-ai-bubbles-impossible-promises/
#AI #GenerativeAI #OpenAI #AIBubble #PonziScheme #DataCenters
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🚨BREAKING NEWS: The masterminds who thought owning Radio Shack in 2023 was a good idea are now accused of running a $112M Ponzi scheme. Shocking, right? Who would've guessed? 🤡
https://www.cbsnews.com/news/sec-rev-ponzi-scheme-tai-lopez-alex-mehr/ #RadioShack #PonziScheme #BreakingNews #BusinessScandal #FinancialFraud #ShockedPublic #HackerNews #ngated -
Buyers of Radio Shack, Pier 1 brands accused of running $112M Ponzi scheme
https://www.cbsnews.com/news/sec-rev-ponzi-scheme-tai-lopez-alex-mehr/
#HackerNews #PonziScheme #RadioShack #Pier1 #Fraud #SEC #News
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infamous "here in my garage" #YouTube influencer Tai Lopez has been accused of turning Radio Shack into a $112 million ponzi scheme.
nothing a few donations to the Trump campaign can't fix, but still...
#TaiLopez #scam #ponzi #ponziScheme #uspol #socialMedia #influencer #influencers #crime #fraud #lamborghini #SEC #pardon
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Global Bitcoin Ponzi Scheme Leaves Investors Facing $63M in Losses - A $200 million crypto Ponzi scheme has unraveled, exposing a vast global fraud tha... - https://news.bitcoin.com/global-bitcoin-ponzi-scheme-leaves-investors-facing-63m-in-losses/ #ponzischeme #legal #doj
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PGI CEO Pleads Guilty After $200M Bitcoin Ponzi Scheme Collapses, 90K Investors Left Reeling - TLDR:
PGI collected over $201M through Bitcoin and cash between 2019 and 2021 before col... - https://blockonomi.com/pgi-ceo-pleads-guilty-after-200m-bitcoin-ponzi-scheme-collapses-90k-investors-left-reeling/ #cryptocurrencyscams #ramilventurapalafox #cryptofraud #ponzischeme #regulation #finance #bitcoin #crime #doj #pgi #sec
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PGI CEO Pleads Guilty After $200M Bitcoin Ponzi Scheme Collapses, 90K Investors Left Reeling - TLDR:
PGI collected over $201M through Bitcoin and cash between 2019 and 2021 before col... - https://blockonomi.com/pgi-ceo-pleads-guilty-after-200m-bitcoin-ponzi-scheme-collapses-90k-investors-left-reeling/ #cryptocurrencyscams #ramilventurapalafox #cryptofraud #ponzischeme #regulation #finance #bitcoin #crime #doj #pgi #sec
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PGI CEO Pleads Guilty After $200M Bitcoin Ponzi Scheme Collapses, 90K Investors Left Reeling - TLDR:
PGI collected over $201M through Bitcoin and cash between 2019 and 2021 before col... - https://blockonomi.com/pgi-ceo-pleads-guilty-after-200m-bitcoin-ponzi-scheme-collapses-90k-investors-left-reeling/ #cryptocurrencyscams #ramilventurapalafox #cryptofraud #ponzischeme #regulation #finance #bitcoin #crime #doj #pgi #sec
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PGI CEO Pleads Guilty After $200M Bitcoin Ponzi Scheme Collapses, 90K Investors Left Reeling - TLDR:
PGI collected over $201M through Bitcoin and cash between 2019 and 2021 before col... - https://blockonomi.com/pgi-ceo-pleads-guilty-after-200m-bitcoin-ponzi-scheme-collapses-90k-investors-left-reeling/ #cryptocurrencyscams #ramilventurapalafox #cryptofraud #ponzischeme #regulation #finance #bitcoin #crime #doj #pgi #sec
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Texas Ponzi Scheme Debtor Denied $12.5M Bankruptcy Protection in Crypto Case - The U.S. Trustee Program (USTP) has secured a judgment denying bankruptcy protecti... - https://cryptonews.com/news/texas-ponzi-scheme-debtor-denied-12-5m-bankruptcy-protection-in-crypto-case/ #cryptoregulationnews #blockchainnews #ponzischeme #bankruptcy #news
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[#veille] Une escroquerie inédite de près d'un milliard d'euros : ouverture du procès de la société Aristophil
https://france3-regions.franceinfo.fr/provence-alpes-cote-d-azur/alpes-maritimes/nice/affaire-aristophil-ce-qu-il-faut-retenir-de-l-escroquerie-du-siecle-qui-sera-jugee-ce-lundi-3212885.html
#archives #patrimoine #proces #justice #ponzischeme #aristophil @archivistodon -
DOJ Indictment Shadows Kevin Spacey Film – Co-Writer Charged in $340M Crypto Ponzi - Kevin Spacey’s comeback film after facing sexual misconduct allegations was reportedly wr... - https://cryptonews.com/news/kevin-spacey-film-340m-crypto-ponzi-indictment/ #blockchainnews #ponzischeme #news #doj #sec
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CFTC Wins $228M Judgment Against Pastor Who Ran Crypto Ponzi Promising 5-10% Weekly Returns - The U.S. District Court for the Southern District of New York granted summary judg... - https://cryptonews.com/news/cftc-wins-228m-judgment-against-pastor-who-ran-crypto-ponzi-promising-5-10-weekly-returns/ #blockchainnews #ponzischeme #cftc
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"Crypto billionaire Justin Sun has sued Bloomberg for publishing details about his wealth that he himself provided to qualify for their Billionaire Index. While Sun was initially eager for Bloomberg to publicize his multibillionaire status, he became furious when he learned they planned to publish a rough breakdown of the assets comprising his crypto fortune. This may be because it reveals an inconvenient detail: the majority of his assets are TRX, the cryptocurrency issued by his company Tron — and he owns most of the TRX in circulation (63%). This concentration is somewhat reminiscent of the 2022 revelation that Sam Bankman-Fried had built his crypto empire on a foundation of FTT, the token issued by his own company FTX, sparking concerns about the solvency of his businesses and the value of FTT that ended in the collapse of both.
Sun’s fury could also stem from Bloomberg’s reporting that Sun owns the HTX cryptocurrency exchange (renamed from Huobi in late 2023 [I40]). Though it has long been clear that Sun holds more control over the exchange than he claims to have as a mere adviser, he has refused to admit he owns the company. This is a pattern with Sun, who has also denied ownership of other companies with which he’s heavily involved, such as Poloniex (which he later acknowledged owning), BiT Global, and Techteryx."
https://www.citationneeded.news/justin-sun-bloomberg-lawsuit/
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HashFlare Ponzi Founders Get Time Served for $577M Crypto Scheme, Escape Additional Jail - Two Estonian nationals avoided additional prison time for orchestrating one of cry... - https://cryptonews.com/news/hashflare-ponzi-founders-get-time-served-for-577m-crypto-scheme-escape-additional-jail/ #blockchainnews #cryptocrime #ponzischeme #news
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the UK's Solicitors Regulation Authority is prosecuting one of the UK's more infamous libel law firms (Carter Ruck) for silencing critics of the massive OneCoin ponzi scheme (2nd only to madoff) that imploded back in 2017.
sadly there's a million other cases of Big Law firms openly aiding and abetting out and out frauds that will go unpunished, but it's nice to see at least some kind of minimal attempt at justice
(the story of OneCoin is completely insane; worth a read if you haven't run across it before)
https://taxpolicy.org.uk/2023/12/18/carter-ruck-acted-for-fraudster
#uk #ukpol #carterRuck #libel #OneCoin #RujaIgnatova #ponzi #ponziScheme #eupol #bulgaria #FCA #SRA #BigLaw #law #lawstodon #PrivateEye
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the UK's Solicitors Regulation Authority is prosecuting one of the UK's more infamous libel law firms (Carter Ruck) for silencing critics of the massive OneCoin ponzi scheme (2nd only to madoff) that imploded back in 2017.
sadly there's a million other cases of Big Law firms openly aiding and abetting out and out frauds that will go unpunished, but it's nice to see at least some kind of minimal attempt at justice
(the story of OneCoin is completely insane; worth a read if you haven't run across it before)
https://taxpolicy.org.uk/2023/12/18/carter-ruck-acted-for-fraudster
#uk #ukpol #carterRuck #libel #OneCoin #RujaIgnatova #ponzi #ponziScheme #eupol #bulgaria #FCA #SRA #BigLaw #law #lawstodon #PrivateEye
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the UK's Solicitors Regulation Authority is prosecuting one of the UK's more infamous libel law firms (Carter Ruck) for silencing critics of the massive OneCoin ponzi scheme (2nd only to madoff) that imploded back in 2017.
sadly there's a million other cases of Big Law firms openly aiding and abetting out and out frauds that will go unpunished, but it's nice to see at least some kind of minimal attempt at justice
(the story of OneCoin is completely insane; worth a read if you haven't run across it before)
https://taxpolicy.org.uk/2023/12/18/carter-ruck-acted-for-fraudster
#uk #ukpol #carterRuck #libel #OneCoin #RujaIgnatova #ponzi #ponziScheme #eupol #bulgaria #FCA #SRA #BigLaw #law #lawstodon #PrivateEye
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the UK's Solicitors Regulation Authority is prosecuting one of the UK's more infamous libel law firms (Carter Ruck) for silencing critics of the massive OneCoin ponzi scheme (2nd only to madoff) that imploded back in 2017.
sadly there's a million other cases of Big Law firms openly aiding and abetting out and out frauds that will go unpunished, but it's nice to see at least some kind of minimal attempt at justice
(the story of OneCoin is completely insane; worth a read if you haven't run across it before)
https://taxpolicy.org.uk/2023/12/18/carter-ruck-acted-for-fraudster
#uk #ukpol #carterRuck #libel #OneCoin #RujaIgnatova #ponzi #ponziScheme #eupol #bulgaria #FCA #SRA #BigLaw #law #lawstodon #PrivateEye
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Property Boom Fuels Surge in Aussie Millionaires
A record-high wave of Australian millionaires is being propelled by soaring property values, making home ownership the central engine of wealth building. The average dwelling price recently topped AUD 1 million nationwide, driven by escalating values across capital cities and regional markets alike. Property now makes up roughly 75% of household wealth, but many are “asset-rich and cash-poor” due to illiquidity.
This boom underscores growing wealth inequality and the challenges faced by first‑home buyers amid supply shortages, tax settings, and rising inheritance flows.#auspop #ponzischeme #ausproperty #negativegearing #inequality #taxtherich
