A Ponzi scheme is an investment scam that pays early investors with money taken from later investors to create an illusion of ...
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This crypto scheme targeted working-class investors – and has landed a second executive in prison
・IcomTech promoter Magdaleno Mendoza was sentenced to 71 months in prison and ordered to pay restitution for defrauding investors in a crypto Ponzi scheme. ・The scheme targeted Spanish-speaking, ...
JPMorgan Chase — whose CEO Jamie Dimon once dismissed bitcoin as a “fraud” and likened cryptocurrencies to a “Ponzi scheme” — is diving further into crypto with a money-market fund that’s based on ...
The SEC has renewed its alerts on cryptocurrency scams, highlighting Ponzi schemes, systemic risks, and investor vulnerabilities ...
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