Tag: Ponzi Schemes

The U.S. Securities and Exchange Commission (SEC) reports a significant increase in complaints since the beginning of the COVID-19 crisis. Those frauds include Ponzi schemes, fake certificates of deposit, bogus stock promotions, and community-based financial scams. Scammers evidently use the current COVID-19 pandemic to lure victims into investment scams. Most broker and investment scams and MLMs are designed as Ponzi schemes using money from new investors to pay existing investors' fake profits.

The SMART TRADE COIN ICO is flooding the crypto web with aggressive ad campaigns. CCN and Trustnotes, Bitcoin Insider published...

Until 2014, Julian HOSP was a top leader of the Ponzi scheme LYONESS with 25,000 members in his downline. He developed the Ponzi scheme in Asia. Amid the 2016 crypto hype Hosp joined the ICO of the crypto venture TenX and they raised some $80 million in their ICO.

Generally, MultiLevel Marketing can be an attractive business opportunity. It offers the opportunity to become part of a system...