Latest News for: ponzi schemes

Edit

Maybe people will wake up when Elon Musk wrecks Social Security

Daily Gate City 21 Mar 2025
... smearing Social Security as “the biggest Ponzi scheme of all time” — because such hostility has always been political suicide ... The “Ponzi scheme” mantra, resurrected by Musk, is particularly moronic.
Edit

European Investor Sentenced for Multi-Million-Dinar Money Laundering Operation in Bahrain

The Daily Tribune - Bahrain 21 Mar 2025
... scheme a semblance of legitimacy ... Despite the appearance of legitimate business activity, the defendant was running a Ponzi scheme, designed to siphon money from new victims to cover earlier payouts.
Edit

How to Protect Yourself from Financial Scams

Kashmir Observer 21 Mar 2025
Ponzi Schemes. In these schemes, returns to older investors are paid using the investments made by newer investors, making it unsustainable in the long run ... Always verify the credentials of any financial advisor or investment scheme.
Edit

'Fishing expedition': US Judge limits Elon Musk-led DOGE's access to Social Security system data

The Times of India 21 Mar 2025
Musk has particularly scrutinised Social Security, labelling it a 'ponzi scheme' and advocating waste reduction as crucial for decreasing government expenditure.The decision, subject to appeal, stems ...
Edit

DOGE blocked in court from Social Security systems with Americans’ personal information, for now

Wtop 21 Mar 2025
U.S ... Musk has been focused on Social Security as an alleged hotbed of fraud, describing it as a “ ponzi scheme ” and insisting that reducing waste in the program is an important way to cut government spending ... ___ ... Source .
Edit

UAE forex scam: Fake websites, cold calls 'convince' residents to invest, dupe them out of millions

Khaleejtimes 21 Mar 2025
In one of the biggest forex frauds to hit the UAE, Sydney Lemos, the owner of Exential Forex, promised high returns through currency trading, luring thousands of expatriates into what was later exposed as a Dh1 billion Ponzi scheme.
Edit

UAE forex scam: Fake websites, cold calls convince residents to invest, dupe them out of millions

Khaleejtimes 21 Mar 2025
In one of the biggest forex frauds to hit the UAE, Sydney Lemos, the owner of Exential Forex, promised high returns through currency trading, luring thousands of expatriates into what was later exposed as a Dh1 billion Ponzi scheme.
Edit

Trump-Musk DOGE deletes ‘3.2 million ghosts’ from Social Security records

Cryptopolitan 21 Mar 2025
More work remains to be done,” DOGE on X ... Musk, who has been outspoken about government inefficiency, called Social Security a “Ponzi scheme” and suggested that entitlement fraud could cost taxpayers as much as $700 billion annually.
Edit

Trump Promised to Protect Social Security. Musk Didn’t.

The Atlantic 21 Mar 2025
Twenty years ago, President George W. Bush’s second-term honeymoon was ending, and Social Security was to blame ... Musk recently called the program “the biggest Ponzi scheme of all time” and claimed that it’s rife with waste and fraud ... [Read ... [Read.
Edit

What would Treasure Coast's future look like if growth didn't last forever? | Opinion

TCPalm 21 Mar 2025
Drone video. Treasure Coast rebounds from housing crash ... Xavier Mascareñas and Maureen Kenyon, Treasure Coast Newspapers ... On Feb ... Lucie Realtors ... Instead, we've got a giant Ponzi scheme perpetuated by our state and local governments ... Lucie and St.
Edit

'Not helpful': Republicans want Musk to 'zip it' about Social Security

Alternet 20 Mar 2025
Musk is aggressively defending SSA cuts in interviews, telling podcast host Joe Rogan, "Social Security is the biggest Ponzi scheme of all time." ... The GOP senator argued that Musk's "Ponzi scheme" ...
Edit

Belgium National and Utah Business Owner Charged After Allegedly Running a $5M Ponzi Scheme (United States Attorney's Office for the District of Utah)

Public Technologies 20 Mar 2025
Belgium National and Utah Business Owner Charged After Allegedly Running a $5M Ponzi Scheme ... of K & K Strategies is facing federal charges after he allegedly operated a $5 million Ponzi scheme.
Edit

Republicans want Musk to shut up about Social Security

The Hill 20 Mar 2025
Musk’s statement that Social Security is a “Ponzi scheme” and plans to cut up to 12 percent of the Social Security Administration’s workforce is giving GOP lawmakers heartburn.
Edit

Financial adviser ordered to repay investors $2.3M

The Daily Nonpareil 20 Mar 2025
The Iowa insurance commissioner ordered a Johnston company and its owner to repay $2.3 million that 15 investors lost in an oil-and-gas operation regulators have likened to a Ponzi scheme ... .
×