When Is a Ponzi a Ponzi?

Date:

Share post:



When Is a Ponzi a Ponzi?

Obviously, nothing was built with the money that was raked in from around the world. What’s interesting, when considering how Lee and Chunga reportedly spent the money, is that the alleged scheme does not even seem very profitable. Sure, they bought cars, property and designer clothing — but, considering the nominal figure raised, it seems like the HyperVerse Ponzi operated for so long because it paid out incoming revenue to existing users.



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Best and Worst Times to Visit Vietnam for Weather and Prices

Vietnam's dry season offers the best opportunities for travel, especially from late February to early March.You'll find...

JP Morgan and Dresdner Kleinwort’s Former Executives Launch Hong Kong Crypto Prop Firm

How Prop Firms Scale Without Breaking Tech Stacks | Axcera Executive...

Daniel Radcliffe Will Personally Pull You Onstage in His New Broadway Show—If You’re Lucky

Just after I settled in my seat, I tilted my Playbill to catch the light for...
Verified by ExactMetrics