"Get rich quick" schemes during the Covid-19 pandemic
Press/Media: Expert Comment
References
| Title | 'Only missing Bitcoin trader CEO can give answers' |
|---|---|
| Degree of recognition | International |
| Media name/outlet | OFM Online |
| Media type | Web |
| Country | 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 | 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 |
Related information
ID: 25828533
