May 16, 2019· She also said the commission is very well aware of the scheme asking young Nigerians to invest as low as N1000 and N13,000 and to get as much as eight times the value of the investment in 48 hours. She clarifies that the scheme is indeed a Ponzi scheme, where returns would be paid from other people invested funds with no tangible business model.
NEW DELHI (AFP) An influential businessman was arrested by Indian police on Friday (July 19) over a halfbilliondollar Ponzi scheme that allegedly defrauded tens of thousands of mostly Muslim ...
Oct 10, 2012· – VGMC struggles to keep the Ponzi scheme going so it does two things: (i) promises additional bonuses to stooges bringing in new investors and (ii) takes a series of steps to prevent cashing out, including increasing time to request redemption and limiting redemption to specified days (on which IT "maintenance" takes the site down).
"Mengetahui SelukBeluk Skema 'Ponzi' Yang Digunakan Dalam Investasi Bodong" by PakarSa.. 61pt; Investasi Bodong Logam Mulia (VGMC, ECMC, GTIS, Raihan Jewellery, dll) 40pt "Skema Ponzi: Skema Investasi Bodong Atau Skema Gali Lobang Tutup Lobang" by PakarSaham 51pt
It is feared that the size of the scam is of about ₹5,000 crore, with more than 30,000 people cheated by the ponzi scheme Mansoor Khan has reportedly fled to Dubai
An ominous announcement that a popular online gold investment company would be 'restructuring' its operations and suspending monthly 10% dividend payments has caused discontent among many of its investors and has many questioning the legitimacy of the company. Gold Mining Corporatio
Mar 29, 2019· Thank you for confirming WoToken is a Ponzi scheme. "Showing wallets" and all the other bullshit has nothing to do with WoToken recycles newly invested funds to pay existing investors. Nor is the "but what about all this bullshit tech we have?" a substitute for legally required regulatory filings and disclosures.
Jul 10, 2017· KRI turned out to be tied to InvestUS, a scheme run by James Jervis, a 39yearold native and Dubai resident who was an old hand at the game of global real estate fraud.
Locals invest thousands in alleged bitcoin Ponzi scheme. Some have cashed out entire retirement savings; others have obtained bank loans or second mortgages." – Concerned citizen Cyrus Luhr. Guam – When people hear the word "bitcoin", most people think of the electronic money or cryptocurrency that is both highly publicized and scrutinized in the media as of late.
IMA, jewels, chief, Mansoor Khan, Ponzi scam, bengaluru, ED On June 20, the Enforcement Directorate (ED) issued the first summons to Khan, directing him to appear before the agency on June 24.
Two Goans, living in Dubai, sentenced to 517 years jail for running ponzi scheme. After an investigation, it was found that the company initially paid the due profit to its investors but after the scheme collapsed in March 2016 the payment stopped and the office had to be shut down. According to Gulf News, Lemos was arrested in January last year...
Alleged Ponzi ScandalEdit. On April 3, 2015, BAIC's banking subsidiary, Bramer Banking Corporation, banking license was revoked by the Bank of Mauritius following an alleged US693 million Ponzi scheme being run at the bank. This alleged ponzi scandal also affected BAIC's insurance subsidiary, BAI .
600,000 m2 of Production Bases. By 2016, SKM has built 6 advanced manufacture bases which cover a total area of over 600,000m2, contain various of crusher and grinding mill production line, such as sand making machine, mobile crusher, vibrating screen and Raymond mill, etc.
"Mengetahui SelukBeluk Skema 'Ponzi' Yang Digunakan Dalam Investasi Bodong" by PakarSa.. 61pt "Ponzi Story: Skema Investasi Bodong Model MLM Yang Berhasil Menipu Ribuan Orang" by St.. 49pt; Investasi Bodong Logam Mulia (VGMC, ECMC, GTIS, Raihan Jewellery, dll) 40pt
9 天前· Multicrore Ponzi scheme scam prime accused and IMA Jewellers founder Mansoor Khan was arrested early on Friday from the New Delhi airport on arrival from Dubai by the Delhi Police, an official said.
Jun 11, 2015· Ponzi schemes occasionally begin as legitimate businesses, until the business fails to achieve the returns expected. The business becomes a Ponzi scheme if it then continues under fraudulent terms. Whatever the initial situation, the perpetuation of the high returns requires an everincreasing flow of money from new investors to sustain the scheme.
Jun 19, 2013· Although they claim otherwise, AGMAC appears to be a Ponzi scheme (sometimes called a pyramid scheme). It appears that AGMAC was previously Gold Mining Corp., but they rebranded themselves as AGMAC as their reputation as became worse and worse. So, to answer your question, yes, it is a scam, too.