Title A Ponzi scheme for the modern era Degree of recognition International Media name/outlet Trinidad and Tobago Newsday Media type Web Country/Territory United States Date 29/04/21 Description November 2020 was the 100-year anniversary of the imprisonment of Charles Ponzi – infamous creator of the fraudulent scheme to which he gave his name. Exactly a century later, Gutemberg Dos Santos, founder of AirBit Club, a cryptocurrency mining and trading company, was charged in the US with various offences relating to an alleged 'international investment scam', which, as described by the prosecutor, has all the hallmarks of a Ponzi scheme. URL https://newsday.co.tt/2021/04/29/a-ponzi-scheme-for-the-modern-era/?utm_source=rss&utm_medium=rss&utm_campaign=a-ponzi-scheme-for-the-modern-era Persons Brian Frederick Title 'Only missing Bitcoin trader CEO can give answers' Degree of recognition International Media name/outlet OFM Online Media type Web Country/Territory South Africa Date 18/01/21 Description Mark Button, speaking of online ponzi schemes in general, said that lots of people in financial difficulties are looking for a means to improve their situation. At the same time, people have more time on their hands - due to being furloughed, losing their jobs, recovering from illness - which "may expose them to such schemes when online occupying their time". URL https://www.ofm.co.za/article/general/300790/only-missing-bitcoin-trader-ceo-can-give-answers Persons Mark Button Title Vanishing act: Only the missing CEO of bitcoin trader MTI can give answers, says employee Degree of recognition International Media name/outlet Asset News Hub Media type Web Country/Territory South Africa Date 18/01/21 Description The CEO of South African bitcoin trading planform MTI, which was provisionally liquidated in late December after it stopped paying out funds to thousands of members, has not been heard from in four weeks.
While MTI has in the past denied it was a ponzi scheme, a professor of counter fraud studies says get-rich-quick schemes are likely to have proliferated due to Covid-19.
URL https://newshub.assetmag.co.za/svw1/item/56542878 Persons Mark Button