Latest News for: ponzi scheme

Edit

Brooklyn financial advisor allegedly scammed 10 clients out of $1.24M in Ponzi Scheme: DA

The Villager 25 Mar 2025
The Brooklyn District Attorney’s Office is urging potential victims of an indicted Sheepshead Bay financial advisor to come forward after he was charged this week for allegedly stealing nearly $1.24 million from 10 investors through a Ponzi Scheme.
Edit

Trump allies push WH to curb Elon Musk’s interviews after he called Social Security ‘the ...

New York Post 25 Mar 2025
During his appearance on Joe Rogan’s podcast in late February, Musk called Social Security “the biggest Ponzi scheme of all time.” ... It’s not a Ponzi scheme, it’s just an entitlement program that needs to be reformed.” 4.
Edit

Torres fraud: Co spent 5cr on just stationery, says witness

The Times of India 25 Mar 2025
The chargesheet traces the money trail from Khara to the builder.The chargesheet also has the statements of over 40 employees who, too, were duped along with their families after investing Rs 3.3 crore in the ponzi schemes.
Edit

XP Investors Have Opportunity to Lead XP Inc. Securities Fraud Lawsuit

Knoxville Daily Sun 25 Mar 2025
XP) Entire Profits Are Dependent on What Insiders Call a 'Madoff-Like Ponzi Scheme'" ... Our research uncovers that the company is running a massive Ponzi scheme facilitated through certain derivatives ...
Edit

How you can help protect Social Security

Fairbanks Daily News-Miner 25 Mar 2025
To the editor. Recently, there have been a rash of news stories about Social Security being the world’s greatest Ponzi scheme, that it is full of fraudsters and adds to the nation’s deficit. These are lies. The individuals in Washington, ... .
Edit

Retirees Shouldn’t Count on Frank Bisignano to Stop Musk’s Destruction of the Social Security Administration

Common Dreams 25 Mar 2025
Bisignano refused to contradict Musk’s claim that Social Security is a criminal Ponzi scheme or acknowledge that a person whose benefit claim takes 3 months longer to complete simply because of new ...
Edit

Frank Bisignano Will Accelerate the DOGE Destruction of Social Security

Common Dreams 25 Mar 2025
Today’s hearing showed that Frank Bisignano is not the cure to the DOGE-manufactured chaos at the Social Security Administration ... Bisignano would not even contradict Musk’s slander that Social Security is a criminal Ponzi scheme ... .
Edit

Social Security needs protection from Trump, as disastrous acting commissioner shows

The Los Angeles Times 25 Mar 2025
Bush appointee ... Sens ... Musk has denigrated the program as “the biggest Ponzi scheme of all time,” a repetition of an ancient meme that, as I wrote, demonstrated only that he knows nothing about Social Security, and nothing about Ponzi schemes ... .
Edit

Democrats allege Social Security ‘bedlam’; Trump nominee denies placing DOGE officials at Maryland-based agency

Baltimore Sun 25 Mar 2025
Americans need to hear Mr ... Ron Wyden, the committee’s top-ranking Democrat. “They deserve to hear a clear rejection of Elon Musk’s view that Social Security is some Ponzi scheme perpetrating fraud on the American people.”.
Edit

Man drives into Tesla protest crowd in West Palm Beach

The Palm Beach Post 25 Mar 2025
Uptick in Tesla vandalism amid DOGE backlash ... Tesla shares drop ... Also, Musk's actions, including public stunts like waving a chainsaw at a conservative conference and calling Social Security a "Ponzi scheme," have further polarized opinions.
Edit

Local group rallies to protest Trump and Musk’s policies

The Hawk Eye 25 Mar 2025
Musk has said he sees Social Security as “the biggest Ponzi scheme of all time,” and of federal entitlements, he told Fox Business Network, “That’s the big one to eliminate.” ... Saturday’s noon to 1 p.m. protest was not a one-timer ... stocks to rise ... .
Edit

Local group rallies to protest Trump and Musk\u2019s policies

Daily Gate City 25 Mar 2025
Musk has said he sees Social Security as “the biggest Ponzi scheme of all time,” and of federal entitlements, he told Fox Business Network, “That’s the big one to eliminate.” ... Saturday’s noon to 1 p.m. protest was not a one-timer ... stocks to rise ... .
Edit

If you're not scared about Social Security, you should be | Opinion

Usatoday 25 Mar 2025
... those false claims in a speech to a joint session of Congress, saying they indicated “incompetence” in the Social Security program.Musk called Social Security "the biggest Ponzi scheme of all time.".
Edit

Trump seeks to weaken US education, retirement security programs

The Hill 25 Mar 2025
On his site X, Musk shared a post described those who rely on federal benefits as members of the “Parasite Class.” He has also described the lifesaving program as a “Ponzi scheme.” This from a guy who ...
×