#ponzischemes — Public Fediverse posts

"Over the next year or so, Sun would come to believe he’d made a colossal mistake. World Liberty would disappoint his expectations and those of many other investors: The decentralized crypto products it promised would largely never materialize; the money investors put in would remain mostly locked away from them; and the $WLFI cryptocurrency would crash, leaving many token holders with huge losses while the president and his partners made hundreds of millions in profits. Sun would be stripped of his tokens entirely. “Today, the thing I regret the most is not only that my money got stuck but that my name is on the project,” Sun says. “I believe many other people also got harmed.” In April 2026, he filed a lawsuit against World Liberty alleging fraud and breach of contract. When we spoke in June via Zoom, it was late in the evening in Hong Kong, where he lives (...) Wearing a deep-blue crewneck T-shirt, he drank water from a carafe as he walked me through his past and his time with World Liberty. Our conversation took place under the shadow of defamation claims World Liberty had recently made against Sun, and he seemed torn between wanting to condemn the company’s actions and staying within the guardrails his lawyers had set for him. But he couldn’t hide his outrage at World Liberty — for making a mockery of the principles it was purportedly founded on and for, in his eyes, essentially stealing his money in full public view. “I never expected this to happen to me,” says Sun. “This is the worst-case scenario.”

Sun’s account, and those of others who invested in and worked for the company, depict an enterprise that was partially inspired and de facto run by Herro — a man whose career might be characterized as a high-speed succession of shameless for-profit hustles."

https://nymag.com/intelligencer/article/justin-sun-world-liberty-lawsuit-trump-crypto-herro.html

#Crypto #Cryptocurrencies #MoneyLaundering #PonziSchemes #Trump #WorldLiberty

"Over the next year or so, Sun would come to believe he’d made a colossal mistake. World Liberty would disappoint his expectations and those of many other investors: The decentralized crypto products it promised would largely never materialize; the money investors put in would remain mostly locked away from them; and the $WLFI cryptocurrency would crash, leaving many token holders with huge losses while the president and his partners made hundreds of millions in profits. Sun would be stripped of his tokens entirely. “Today, the thing I regret the most is not only that my money got stuck but that my name is on the project,” Sun says. “I believe many other people also got harmed.” In April 2026, he filed a lawsuit against World Liberty alleging fraud and breach of contract. When we spoke in June via Zoom, it was late in the evening in Hong Kong, where he lives (...) Wearing a deep-blue crewneck T-shirt, he drank water from a carafe as he walked me through his past and his time with World Liberty. Our conversation took place under the shadow of defamation claims World Liberty had recently made against Sun, and he seemed torn between wanting to condemn the company’s actions and staying within the guardrails his lawyers had set for him. But he couldn’t hide his outrage at World Liberty — for making a mockery of the principles it was purportedly founded on and for, in his eyes, essentially stealing his money in full public view. “I never expected this to happen to me,” says Sun. “This is the worst-case scenario.”

Sun’s account, and those of others who invested in and worked for the company, depict an enterprise that was partially inspired and de facto run by Herro — a man whose career might be characterized as a high-speed succession of shameless for-profit hustles."

https://nymag.com/intelligencer/article/justin-sun-world-liberty-lawsuit-trump-crypto-herro.html

#Crypto #Cryptocurrencies #MoneyLaundering #PonziSchemes #Trump #WorldLiberty

"The Second Circuit of Appeals, which in November 2025 heard oral arguments in Sam Bankman-Fried’s appeal of his November 2023 conviction [I96], has upheld the verdict and rejected Bankman-Fried’s request for a new trial with a new judge. I’ve purchased the full document so it’s uploaded to CourtListener’s RECAP archive.

The appeal was one of Bankman-Fried’s few remaining options after Judge Lewis Kaplan denied his motion for a new trial in April [No new trial].

Bankman-Fried tried to argue before the Second Circuit that his FTX cryptocurrency exchange was solvent before, during, and after its bankruptcy, and that its dramatic collapse was simply the result of a temporary liquidity squeeze caused by a sudden wave of withdrawals. (At various points he has made clear that his definition of “solvency” is his own, novel one.)"

https://www.citationneeded.news/second-circuit-rejects-sam-bankman-frieds-appeal/

#USA #Crypto #CryptoCurrencies #FTX #PonziSchemes

"The Second Circuit of Appeals, which in November 2025 heard oral arguments in Sam Bankman-Fried’s appeal of his November 2023 conviction [I96], has upheld the verdict and rejected Bankman-Fried’s request for a new trial with a new judge. I’ve purchased the full document so it’s uploaded to CourtListener’s RECAP archive.

The appeal was one of Bankman-Fried’s few remaining options after Judge Lewis Kaplan denied his motion for a new trial in April [No new trial].

Bankman-Fried tried to argue before the Second Circuit that his FTX cryptocurrency exchange was solvent before, during, and after its bankruptcy, and that its dramatic collapse was simply the result of a temporary liquidity squeeze caused by a sudden wave of withdrawals. (At various points he has made clear that his definition of “solvency” is his own, novel one.)"

https://www.citationneeded.news/second-circuit-rejects-sam-bankman-frieds-appeal/

#USA #Crypto #CryptoCurrencies #FTX #PonziSchemes

Ex-NFL player John Leake, convicted of $8M Ponzi scheme, should have league benefits garnished, fed say https://www.rawchili.com/nfl/880443/ #CommercialRealEstate #Crime #Football #gambling #PonziSchemes #USNews #WireFraud

Tom’s Hardware: Ponzi schemer behind $201 million Bitcoin scam sentenced to 20 years in federal prison — promised 3% daily returns on Bitcoin investments, left investors reeling. “The cryptocurrency rush of the late 2010s led to heavy investment in the field. However, as with every gold rush, there are always fake map sellers. One of those is Ramil Ventura Palafox, who today was sentenced to […]

Tom’s Hardware: Ponzi schemer behind $201 million Bitcoin scam sentenced to 20 years in federal prison — promised 3% daily returns on Bitcoin investments, left investors reeling. “The cryptocurrency rush of the late 2010s led to heavy investment in the field. However, as with every gold rush, there are always fake map sellers. One of those is Ramil Ventura Palafox, who today was sentenced to […]

How many ways can a fraudster find to scam people online? You will be surprised at the creativity and variety of scams perpetrated across the Internet. Here's a list of the most common types.

#onlineScams #cybercrime #scams #scareWare #arbitrage #greyMarkets #pyramidScams #PonziSchemes #domainNameScams #deceptiveAds

https://negativepid.blog/computer-enabled-crimes-virtual-scams/
https://negativepid.blog/computer-enabled-crimes-virtual-scams/

"I have just bought a Maserati, and thanks to a smart investment I'm retiring at 23 and living my best life. I want to help you do the same." If it seems too good to be true, it probably is. Spoiler alert: it's a scam.

#scams #instagram #forex #crypto #forexScams #pyramidSchemes #ponziSchemes

https://negativepid.blog/the-trading-trap-of-instagram-forex-scams/
https://negativepid.blog/the-trading-trap-of-instagram-forex-scams/

How many ways can a fraudster find to scam people online? You will be surprised at the creativity and variety of scams perpetrated across the Internet. Here's a list of the most common types.

#onlineScams #cybercrime #scams #scareWare #arbitrage #greyMarkets #pyramidScams #PonziSchemes #domainNameScams #deceptiveAds

https://negativepid.blog/computer-enabled-crimes-virtual-scams/
https://negativepid.blog/computer-enabled-crimes-virtual-scams/

"I have just bought a Maserati, and thanks to a smart investment I'm retiring at 23 and living my best life. I want to help you do the same." If it seems too good to be true, it probably is. Spoiler alert: it's a scam.

#scams #instagram #forex #crypto #forexScams #pyramidSchemes #ponziSchemes

https://negativepid.blog/the-trading-trap-of-instagram-forex-scams/
https://negativepid.blog/the-trading-trap-of-instagram-forex-scams/

"I have just bought a Maserati, and thanks to a smart investment I'm retiring at 23 and living my best life. I want to help you do the same." If it seems too good to be true, it probably is. Spoiler alert: it's a scam.

#scams #instagram #forex #crypto #forexScams #pyramidSchemes #ponziSchemes

https://negativepid.blog/the-trading-trap-of-instagram-forex-scams/
https://negativepid.blog/the-trading-trap-of-instagram-forex-scams/

How many ways can a fraudster find to scam people online? You will be surprised at the creativity and variety of scams perpetrated across the Internet. Here's a list of the most common types.

#onlineScams #cybercrime #scams #scareWare #arbitrage #greyMarkets #pyramidScams #PonziSchemes #domainNameScams #deceptiveAds

https://negativepid.blog/computer-enabled-crimes-virtual-scams/
https://negativepid.blog/computer-enabled-crimes-virtual-scams/

How many ways can a fraudster find to scam people online? You will be surprised at the creativity and variety of scams perpetrated across the Internet. Here's a list of the most common types.

#onlineScams #cybercrime #scams #scareWare #arbitrage #greyMarkets #pyramidScams #PonziSchemes #domainNameScams #deceptiveAds

https://negativepid.blog/computer-enabled-crimes-virtual-scams/
https://negativepid.blog/computer-enabled-crimes-virtual-scams/

How are Americans going to bail out the social security ponzi scheme?
#pensions #retirement #budgetdeficits #pyramidschemes #ponzi #ponzischemes #socialsecurity #uspolitics #usa #americans #retirees #bailouts

Mashable: Internet marketer Tai Lopez bought RadioShack. Now he’s being sued for using it in a Ponzi scheme.. “RadioShack. Modell’s Sporting Goods. Pier 1 Imports. Dress Barn. Linens ‘n Things. What do they all have in common? These once well-known brick-and-mortar retail brands eventually hit hard times and were then acquired by Retail Ecommerce Ventures (REV), run by Tai Lopez and Alex Mehr. […]

https://rbfirehose.com/2025/10/07/mashable-internet-marketer-tai-lopez-bought-radioshack-now-hes-being-sued-for-using-it-in-a-ponzi-scheme/

"If you reject the very idea that problems are systemic, then you have no use for institutions, and institutions are the only effective response to systemic problems. That primes you to reject the unsatisfying answers of science ("If you don't want to get cancer, regulate corporations and cars that dump carcinogens into the environment") in favor of individual solutions, which are, inevitably, products that someone can sell you, from alkaline water to electrosmog-shielding hats.

Rejecting systemic explanations also primes you to believe in conspiracy theories. This is why antisemitism is called "the socialism of fools": rather than fighting against the system of primacy of extractive finance capital over the productive economy, you spend all your time locked in a one-sided battle with an imaginary cabal of evil Jewish bankers.

Conspiratorial beliefs make you especially vulnerable to a grifter's sales pitch that goes like this: "Of course they don't want you to drink raw milk, otherwise you'd be as powerful as they are." Variations on this theme include "buy the miracle anti-aging cure that only billionaires are privy to" and "buy a bump stock before the conspiracy to take away your right to self-defense makes them illegal."
(...)
Many people have observed that one of the reasons conservatives govern so badly is that they campaign on the idea that "governments are wasteful and inefficient," which means that if they run the government in a wasteful and inefficient fashion, they only prove their point. In the same fashion: right-wing grifters who pitch you on the idea an evil cabal has rigged the game, and then take your money and rip you off, are demonstrating the correctness of their pitch."

https://pluralistic.net/2025/07/22/all-day-suckers/#i-love-the-poorly-educated

#Conservatism #ConspiracyTheories #PonziSchemes #PyramidSchemes #MultiLevelMarketing

"If you reject the very idea that problems are systemic, then you have no use for institutions, and institutions are the only effective response to systemic problems. That primes you to reject the unsatisfying answers of science ("If you don't want to get cancer, regulate corporations and cars that dump carcinogens into the environment") in favor of individual solutions, which are, inevitably, products that someone can sell you, from alkaline water to electrosmog-shielding hats.

Rejecting systemic explanations also primes you to believe in conspiracy theories. This is why antisemitism is called "the socialism of fools": rather than fighting against the system of primacy of extractive finance capital over the productive economy, you spend all your time locked in a one-sided battle with an imaginary cabal of evil Jewish bankers.

Conspiratorial beliefs make you especially vulnerable to a grifter's sales pitch that goes like this: "Of course they don't want you to drink raw milk, otherwise you'd be as powerful as they are." Variations on this theme include "buy the miracle anti-aging cure that only billionaires are privy to" and "buy a bump stock before the conspiracy to take away your right to self-defense makes them illegal."
(...)
Many people have observed that one of the reasons conservatives govern so badly is that they campaign on the idea that "governments are wasteful and inefficient," which means that if they run the government in a wasteful and inefficient fashion, they only prove their point. In the same fashion: right-wing grifters who pitch you on the idea an evil cabal has rigged the game, and then take your money and rip you off, are demonstrating the correctness of their pitch."

https://pluralistic.net/2025/07/22/all-day-suckers/#i-love-the-poorly-educated

#Conservatism #ConspiracyTheories #PonziSchemes #PyramidSchemes #MultiLevelMarketing

The #Secretary Who Helped Uncover One of #America’s Strangest #PonziSchemes

https://getpocket.com/explore/item/the-secretary-who-helped-uncover-one-of-america-s-strangest-ponzi-schemes

The #Secretary Who Helped Uncover One of #America’s Strangest #PonziSchemes

https://getpocket.com/explore/item/the-secretary-who-helped-uncover-one-of-america-s-strangest-ponzi-schemes

AFP: Estonians plead guilty to US charges in $577 mn crypto scheme. “Two Estonian nationals have pleaded guilty to defrauding hundreds of thousands of people around the world in a $577 million cryptocurrency Ponzi scheme, the Justice Department said Thursday. Sergei Potapenko and Ivan Turogin, both age 40, were extradited from Estonia to the United States last year to face charges of […]

https://rbfirehose.com/2025/02/15/afp-estonians-plead-guilty-to-us-charges-in-577-mn-crypto-scheme/

Binance CEO #RichardTeng warns crypto investors to stay alert against Ponzi and pyramid schemes. His essential tips for safeguarding your investments are a must-read! 🛡️ #CryptoScams #PonziSchemes #Binance #CryptoSecurity

https://cryptosnewss.com/binance-ceo-warns-against-ponzi-and-pyramid-schemes-essential-tips-for-crypto-investors/

Cybercriminals are increasingly targeting retail affiliate programs with sophisticated cryptocurrency scams. Retailers and customers must stay alert against domain fraud, brand impersonation, and online Ponzi schemes to prevent losses.

Learn more on @Hackread: https://hackread.com/amazon-target-hackers-top-brands-crypto-scam/

#CyberSecurity #Retail #RetailSecurity #PonziSchemes #BrandImpersonation #Fraud #DomainFraud

Cybercriminals are increasingly targeting retail affiliate programs with sophisticated cryptocurrency scams. Retailers and customers must stay alert against domain fraud, brand impersonation, and online Ponzi schemes to prevent losses.

Learn more on @Hackread: https://hackread.com/amazon-target-hackers-top-brands-crypto-scam/

#CyberSecurity #Retail #RetailSecurity #PonziSchemes #BrandImpersonation #Fraud #DomainFraud

In the latest episode of our podcast, @NotTheLinux, @ColonelPanic, @seanmcnee, and Sasha Angus dive deep into the murky waters of retail-targeted campaigns. From domain fraud and brand impersonation to Ponzi schemes, cybercriminals are getting more sophisticated. Learn how to protect your business and stay ahead of the threats.

🔗 Watch on YouTube: https://bit.ly/4gmXbnX

OR

🎧 Listen here: https://bit.ly/3z5b1eb

#CyberSecurity #RetailSecurity #DomainFraud #BrandProtection #PonziSchemes

In the latest episode of our podcast, @NotTheLinux, @ColonelPanic, @seanmcnee, and Sasha Angus dive deep into the murky waters of retail-targeted campaigns. From domain fraud and brand impersonation to Ponzi schemes, cybercriminals are getting more sophisticated. Learn how to protect your business and stay ahead of the threats.

🔗 Watch on YouTube: https://bit.ly/4gmXbnX

OR

🎧 Listen here: https://bit.ly/3z5b1eb

#CyberSecurity #RetailSecurity #DomainFraud #BrandProtection #PonziSchemes

OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports - The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022. - https://www.coindesk.com/policy/2024/08/22/omegapro-co-founder-arrested-in-turkey-on-suspicion-of-4m-ponzi-scheme-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #ponzischemes #regulations #policy #turkey #arrest #france #fraud #crime #news #scam

OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports - The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022. - https://www.coindesk.com/policy/2024/08/22/omegapro-co-founder-arrested-in-turkey-on-suspicion-of-4m-ponzi-scheme-reports/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #ponzischemes #regulations #policy #turkey #arrest #france #fraud #crime #news #scam

8 of the most #notorious #Ponzischemes in #UShistory

https://edition.cnn.com/2021/04/24/business/famous-ponzi-schemes-generation-hustle/index.html?utm_source=www.neatprompts.com&utm_medium=newsletter&utm_campaign=nsa-officer-in-openai

Just want to really stress that last paragraph.

#AI #LLM #SiliconValley #VC #ponziSchemes https://toot.cafe/@baldur/112603642816089664

Just want to really stress that last paragraph.

#AI #LLM #SiliconValley #VC #ponziSchemes https://toot.cafe/@baldur/112603642816089664

A man who lit himself on fire Friday across the street from the Manhattan courthouse where former president Donald Trump is facing a criminal hush money trial is in critical condition, New York City police said. #Manhattan #DonaldTrump #HushMoneyTrial

The man walked into Collect Pond Park at 1:30 p.m., removed several pamphlets from his backpack and tossed them on the ground, Chief Jeffrey Maddrey told reporters. #CollectPondPark

He then pulled out a canister of liquid accelerant, doused himself with it and lit himself on fire, the chief said. #LiquidAccelerant

The man took a few steps before falling onto a police barrier and then to the ground. #PoliceBarrier

Civilians and officers ran into the park, and used coats and fire extinguishers to try to put out the blaze before firefighters arrived and fully extinguished it. #Firefighters

Paramedics transported the man — identified by police as Maxwell Azzarello of St. Augustine, Fla. — to a hospital, where he was intubated, according to New York City fire officials. #MaxwellAzzarello #StAugustine

Four police officers were treated for minor injuries. #PoliceOfficers

The pamphlets Azzarello, 37, threw on the ground promoted various conspiracy theories, including ones about Ponzi schemes and local educational institutions being fronts for the mob, Joe Kenny, the police department’s chief of detectives, told reporters. #ConspiracyTheories #PonziSchemes #EducationalInstitutions

Source: https://www.washingtonpost.com/nation/2024/04/19/man-sets-himself-fire-near-trump-trial/ #WashingtonPost #ManOnFire #TrumpTrial

A man who lit himself on fire Friday across the street from the Manhattan courthouse where former president Donald Trump is facing a criminal hush money trial is in critical condition, New York City police said. #Manhattan #DonaldTrump #HushMoneyTrial

The man walked into Collect Pond Park at 1:30 p.m., removed several pamphlets from his backpack and tossed them on the ground, Chief Jeffrey Maddrey told reporters. #CollectPondPark

He then pulled out a canister of liquid accelerant, doused himself with it and lit himself on fire, the chief said. #LiquidAccelerant

The man took a few steps before falling onto a police barrier and then to the ground. #PoliceBarrier

Civilians and officers ran into the park, and used coats and fire extinguishers to try to put out the blaze before firefighters arrived and fully extinguished it. #Firefighters

Paramedics transported the man — identified by police as Maxwell Azzarello of St. Augustine, Fla. — to a hospital, where he was intubated, according to New York City fire officials. #MaxwellAzzarello #StAugustine

Four police officers were treated for minor injuries. #PoliceOfficers

The pamphlets Azzarello, 37, threw on the ground promoted various conspiracy theories, including ones about Ponzi schemes and local educational institutions being fronts for the mob, Joe Kenny, the police department’s chief of detectives, told reporters. #ConspiracyTheories #PonziSchemes #EducationalInstitutions

Source: https://www.washingtonpost.com/nation/2024/04/19/man-sets-himself-fire-near-trump-trial/ #WashingtonPost #ManOnFire #TrumpTrial

Robert Kiyosaki Sees Bitcoin as ‘Perfect Asset at the Right Time’ — Calls US Dollar ‘Giant Ponzi Scheme’ - Rich Dad Poor Dad author Robert Kiyosaki has answered multiple questions about bit... - https://news.bitcoin.com/robert-kiyosaki-sees-bitcoin-as-perfect-asset-at-the-right-time-calls-us-dollar-giant-ponzi-scheme/ #robertkiyosakibitcoin #robertkiyosakicrypto #cryptocurrency #fiatcurrencies #richdadpoordad #ponzischemes #featured #usdollar #crypto

Robert Kiyosaki Sees Bitcoin as ‘Perfect Asset at the Right Time’ — Calls US Dollar ‘Giant Ponzi Scheme’ - Rich Dad Poor Dad author Robert Kiyosaki has answered multiple questions about bit... - https://news.bitcoin.com/robert-kiyosaki-sees-bitcoin-as-perfect-asset-at-the-right-time-calls-us-dollar-giant-ponzi-scheme/ #robertkiyosakibitcoin #robertkiyosakicrypto #cryptocurrency #fiatcurrencies #richdadpoordad #ponzischemes #featured #usdollar #crypto

When Is a Ponzi a Ponzi? - U.S. authorities indicted the operators of HyperVerse, allegedly an $1.8 billion “Ponzi s... - https://www.coindesk.com/consensus-magazine/2024/01/30/when-is-a-ponzi-a-ponzi/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #consensusmagazine #ponzischemes #newsletters #indictment #opinion #thenode #scams #fraud

When Is a Ponzi a Ponzi? - U.S. authorities indicted the operators of HyperVerse, allegedly an $1.8 billion “Ponzi s... - https://www.coindesk.com/consensus-magazine/2024/01/30/when-is-a-ponzi-a-ponzi/?utm_medium=referral&utm_source=rss&utm_campaign=headlines #consensusmagazine #ponzischemes #newsletters #indictment #opinion #thenode #scams #fraud

#Scams #PonziSchemes #MLMs #Crypto #Cryptocurrencies: "A "bezzle" is John Kenneth Galbraith's term for "the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it." In every scam, there's a period where everyone feels richer – but only the scammers are actually cleaning up. The wealth of the marks is illusory, but the longer the scammer can preserve the illusion, the more real money the marks will pump into the system.

MLMs are particularly ugly, because they target people who are shut out of economic opportunity – women, people of color, working people. These people necessarily rely on social ties for survival, looking after each others' kids, loaning each other money they can't afford, sharing what little they have when others have nothing.

It's this social cohesion that MLMs weaponize. Crypto "entrepreneurs" are encouraged to suck in their friends and family by telling them that they're "building Black wealth." Working women are exhorted to suck in their bffs by appealing to their sisterhood and the chance for "women to lift each other up."

The "sales people" trying to get you to buy crypto or leggings or supplements are engaged in predatory conduct that will make you financially and socially worse off, wrecking their communities' finances and shattering the mutual aid survival networks they rely on. But they're not getting rich on this – they're also being scammed:"

https://pluralistic.net/2024/01/15/passive-income-brainworms/#four-hour-work-week

#Scams #PonziSchemes #MLMs #Crypto #Cryptocurrencies: "A "bezzle" is John Kenneth Galbraith's term for "the magic interval when a confidence trickster knows he has the money he has appropriated but the victim does not yet understand that he has lost it." In every scam, there's a period where everyone feels richer – but only the scammers are actually cleaning up. The wealth of the marks is illusory, but the longer the scammer can preserve the illusion, the more real money the marks will pump into the system.

MLMs are particularly ugly, because they target people who are shut out of economic opportunity – women, people of color, working people. These people necessarily rely on social ties for survival, looking after each others' kids, loaning each other money they can't afford, sharing what little they have when others have nothing.

It's this social cohesion that MLMs weaponize. Crypto "entrepreneurs" are encouraged to suck in their friends and family by telling them that they're "building Black wealth." Working women are exhorted to suck in their bffs by appealing to their sisterhood and the chance for "women to lift each other up."

The "sales people" trying to get you to buy crypto or leggings or supplements are engaged in predatory conduct that will make you financially and socially worse off, wrecking their communities' finances and shattering the mutual aid survival networks they rely on. But they're not getting rich on this – they're also being scammed:"

https://pluralistic.net/2024/01/15/passive-income-brainworms/#four-hour-work-week

musk's monorail failed, yes, but it also achieved his goal of derailing public transport for a decade, maybe more, so he could sell shitty cars that literally kill people by themselves. he is a menace to society, as all billionaires are. we can not afford to let millionaires exist.
#hyperloop #ponzischemes #climatecrisis #eattherich

#Crypto #Cryptocurrencies #PonziSchemes: "Crypto prices have been up, particularly over the last month or so. This is great news for people who hold crypto, but it’s also great news for those who want to draw new people in with the same old get-rich-quick promises. “Prices will never be this low again! Look, they’re already starting to go up, you better buy now!”

All time Bitcoin prices (left) and Ethereum prices (right)
Along with price, euphoria has been climbing as well. I’ve yet to see someone unironically say “have fun staying poor”, but if the trend continues I suspect it isn’t far away. If history is any guide, along with price increases and exuberance in the crypto world comes an influx of FOMO, hypemen, and — of course — scammers. A defi project is already promising its users 70% annual yields. “Memories are proving to be extremely short in the crypto world,” writes Bloomberg.4 This is bullish for W3IGG, I suppose."

https://newsletter.mollywhite.net/p/issue-43-laser-eyes

#Crypto #Cryptocurrencies #PonziSchemes: "Crypto prices have been up, particularly over the last month or so. This is great news for people who hold crypto, but it’s also great news for those who want to draw new people in with the same old get-rich-quick promises. “Prices will never be this low again! Look, they’re already starting to go up, you better buy now!”

All time Bitcoin prices (left) and Ethereum prices (right)
Along with price, euphoria has been climbing as well. I’ve yet to see someone unironically say “have fun staying poor”, but if the trend continues I suspect it isn’t far away. If history is any guide, along with price increases and exuberance in the crypto world comes an influx of FOMO, hypemen, and — of course — scammers. A defi project is already promising its users 70% annual yields. “Memories are proving to be extremely short in the crypto world,” writes Bloomberg.4 This is bullish for W3IGG, I suppose."

https://newsletter.mollywhite.net/p/issue-43-laser-eyes

TFG Freed Ponzi Schemer Eliyahu Weinstein; He Now Faces New Charges
Eliyahu Weinstein, whose 24-year sentence President Donald J. Trump commuted, is now accused of bilking 150 people out of more than $35 million.

In one of his last acts as resident of the White House, the forever disgraced and heavily i
https://newsviews.online/2023/07/20/tfg-freed-ponzi-schemer-eliyahu-weinstein-he-now-faces-new-charges/
#News #CommutedSentences #EliyahuWeinstein #fraud #PonziSchemes #Prison #TFG

TFG Freed Ponzi Schemer Eliyahu Weinstein; He Now Faces New Charges
Eliyahu Weinstein, whose 24-year sentence President Donald J. Trump commuted, is now accused of bilking 150 people out of more than $35 million.

In one of his last acts as resident of the White House, the forever disgraced and heavily i
https://newsviews.online/2023/07/20/tfg-freed-ponzi-schemer-eliyahu-weinstein-he-now-faces-new-charges/
#News #CommutedSentences #EliyahuWeinstein #fraud #PonziSchemes #Prison #TFG

#Crypto #Cryptocurrencies #OnlineScams #PonziSchemes: "Everybody knew that cryptocurrency was bullshit from day one, but people were desperate and wanted some way to accrue wealth in a world where doing so otherwise felt impossible. The 2021 crypto bull run created the conditions under which regular people believed tech had allowed them to get in “on the ground floor,” only for it to be taken away in a graphic, ugly fashion, destroying anyone that invested any time after February 2022. The revelation of the FTX fraud made it abundantly obvious that there was never going to be another bull run.

All of this happened as cryptocurrency attached itself to the specious metaverse hype cycle, where a drunken tech industry attempted to shove complete nonsense down consumers’ throats, believing that regular people were stupid and would buy anything.

The tech industry hitched its ride to two losing concepts, and one of them turned out to be an unimaginably huge scam that would destroy billions of dollars of retail investors’ capital along with several banks.

Silicon Valley has now become synonymous with poorly-allocated capital enriching ghouls rather than creating any kind of value to society, and I’m confident that cryptocurrency is to blame."

https://wheresyoured.at/p/cryptogeddon

#Crypto #Cryptocurrencies #OnlineScams #PonziSchemes: "Everybody knew that cryptocurrency was bullshit from day one, but people were desperate and wanted some way to accrue wealth in a world where doing so otherwise felt impossible. The 2021 crypto bull run created the conditions under which regular people believed tech had allowed them to get in “on the ground floor,” only for it to be taken away in a graphic, ugly fashion, destroying anyone that invested any time after February 2022. The revelation of the FTX fraud made it abundantly obvious that there was never going to be another bull run.

All of this happened as cryptocurrency attached itself to the specious metaverse hype cycle, where a drunken tech industry attempted to shove complete nonsense down consumers’ throats, believing that regular people were stupid and would buy anything.

The tech industry hitched its ride to two losing concepts, and one of them turned out to be an unimaginably huge scam that would destroy billions of dollars of retail investors’ capital along with several banks.

Silicon Valley has now become synonymous with poorly-allocated capital enriching ghouls rather than creating any kind of value to society, and I’m confident that cryptocurrency is to blame."

https://wheresyoured.at/p/cryptogeddon

#USA #Crypto #Cryptocurrencies #PonziSchemes: "With wide-ranging noncompliance, frankly, it’s not surprising that we’ve seen many problems in these markets. We’ve seen this story before. It’s reminiscent of what we had in the 1920s before the federal securities laws were put in place. Hucksters. Fraudsters. Scam artists. Ponzi schemes. The public left in line at the bankruptcy court.

Earlier this week, we alleged that certain Binance entities misled investors about the platform’s risk controls and its corrupted trading volumes while actively concealing who was operating the platforms, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto were custodied."

https://www.sec.gov/news/speech/gensler-remarks-piper-sandler-060823

#USA #Crypto #Cryptocurrencies #PonziSchemes: "With wide-ranging noncompliance, frankly, it’s not surprising that we’ve seen many problems in these markets. We’ve seen this story before. It’s reminiscent of what we had in the 1920s before the federal securities laws were put in place. Hucksters. Fraudsters. Scam artists. Ponzi schemes. The public left in line at the bankruptcy court.

Earlier this week, we alleged that certain Binance entities misled investors about the platform’s risk controls and its corrupted trading volumes while actively concealing who was operating the platforms, the manipulative trading of its affiliated market maker, and even where and with whom investor funds and crypto were custodied."

https://www.sec.gov/news/speech/gensler-remarks-piper-sandler-060823

Gary Gensler: Crypto market is like 1920s stock market, full of 'fraudsters' - Gensler argued that securities laws helped prevent stock market s... - https://cointelegraph.com/news/gary-gensler-crypto-market-is-like-1920s-stock-market-full-of-fraudsters #securitieslaws #ponzischemes #garygensler #lawsuits #frauds #scams #sec

Gary Gensler: Crypto market is like 1920s stock market, full of 'fraudsters' - Gensler argued that securities laws helped prevent stock market s... - https://cointelegraph.com/news/gary-gensler-crypto-market-is-like-1920s-stock-market-full-of-fraudsters #securitieslaws #ponzischemes #garygensler #lawsuits #frauds #scams #sec

@jpm @davidgerard To me, the AI boom sounds like the next stage of the enclosure of the digital commons, which explains the enthusiasm for it from the same #venturecapitaldestroyers who already partially ruined the internet with the web 2.0 crap which bloats and warps it today.

Web 3.0 was discredited so early because of the links with #crypto and #ponzischemes but this AI bollocks allows you to enclose the commons and then pretend you produced the output yourself.

@jpm @davidgerard To me, the AI boom sounds like the next stage of the enclosure of the digital commons, which explains the enthusiasm for it from the same #venturecapitaldestroyers who already partially ruined the internet with the web 2.0 crap which bloats and warps it today.

Web 3.0 was discredited so early because of the links with #crypto and #ponzischemes but this AI bollocks allows you to enclose the commons and then pretend you produced the output yourself.

Crypto's a Ponzi scheme, folks. Every time. Just say no to crypto (if you value your money, etc).
https://www.coindesk.com/policy/2023/01/31/celsius-used-new-customer-funds-to-pay-for-withdrawals-independent-examiner/

#ponzischemes #crypto #nocrypto