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McGlynn noted that legitimate investments always carry some level of risk, so it’s important to be aware of the kind that you are legitimately dealing with as opposed to a scam. Pressure To Act ...
Ponzi schemes sometimes begin as legitimate investment vehicles, such as hedge funds that can easily degenerate into a Ponzi-type scheme if they unexpectedly lose money or fail to legitimately earn the returns expected. The operators fabricate false returns or produce fraudulent audit reports instead of admitting their failure to meet ...
“An Amazon email scam can look exactly like a real Amazon email, or can be poorly crafted, and everything in between,” according to Alex Hamerstone, a director with the security-consulting ...
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In 2017, he began advising on cryptocurrency investing, [15] despite having condemned Bitcoin in 2013 as "a fad, or a scam, or a ponzi scheme, or worse." [ 16 ] However, in May, 2013, he built a store to sell his book, " Choose Yourself " for Bitcoin a month before he released it on Amazon .
In early 2019, in the Kapa investment scam, the Philippine government shut down Kapa-Community Ministry International and its self-declared pastor, Joel Apolinario. [citation needed] In January 2020, the SEC filed a federal case against a Californian couple, Jeff and Paulette Carpoff, charging them of organizing a $910 million Ponzi scheme.
A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors.
The Tennessee Department of Commerce & Insurance’s Division of Securities wants individual investors to learn the red flags of these types of scams so they can avoid losing their money, their ...