Expert turns tables on Dem critics after Musk accuses Social Security of being ‘Ponzi scheme’
Democrats pushed back after he insisted that Social Security would work like a “Ponzi Plan” as Elon Musk continues to insist on cutting the federal bureaucracy, but one expert told Fox News Digital that Musk is on track with criticism of the agency. “Musk's statement that Social Security is the world's largest Ponzi scheme has […]
Elon Musk was right — Social Security is a Ponzi scheme
These days, it's not often that the Democrats don't fall into a frenzy of fainting and a pearly dense frenzy. Want to reduce waste, fraud and abuse from government spending? “Ah, what a Draconian!” Want to secure borders and stop the deadly flow of fentanyl to our country? “Racist!” One surefire way to guarantee Democrats […]
Authorities in India Seize $190,000,000 in Crypto Assets Related to 2018 BitConnect Ponzi Scheme: Report – The Daily Hodl
India's law enforcement reportedly seized crypto assets linked to the BitConnect Ponzi scheme, which scam hundreds of casualties before it collapsed in 2018. Indian Express Report The Enforcement Bureau (ED) seized almost $190 million of Crypto assets during investigation of Rs (Indian Rupee) or Bitconnect. The agency responsible for enforcing Indian economic law and fighting […]
Allen Stanford Ponzi scheme lawsuit comes to end
The Federal Judge ordered Allen Stanford's $ 7.2 billion Pongecheme to end the litigation of the Securities and Exchange Commission 16 years ago, paying the amount that is rarely collected to investors and two former colleagues. I instructed me. On Wednesday, David Godby's judge of the Dallas Federal Court has been convicted of about 18,000 […]
Ex-Miami booster, Ponzi schemer Nevin Shapiro among those with sentences commuted by Biden
Nevin Shapiro, the former Miami booster whose corrupt involvement with the school led to a major NCAA investigation and significant sanctions against the Hurricanes, was charged with masterminding a $930 million pyramid scheme by Joe Joe. His sentence was commuted by President Biden. Shapiro was among 1,499 recipients of pay cuts announced by the White […]
Biden Commutes Sentence of U of Miami Booster and Ponzi Scheme Convict Nevin Shapiro
Another person whose sentence was commuted by President Joe Biden was Nevin Shapiro, a notorious University of Miami booster and convicted pyramid scheme fraudster. Mr. Shapiro was convicted in 2010 of a Ponzi scheme that extorted money from thousands of people who invested in a fake company, Capital Investments. His crimes included creating false documents […]
Florida ‘Mother Teresa’ behind $200M Ponzi scheme gets 20 years in prison
A Florida woman was sentenced Tuesday to 20 years in prison after pleading guilty to running a nearly $200 million pyramid scheme. Joanna Garcia 41-year-old female from Broward County Known in the community as “Mother Teresa,” she received the maximum sentence for one count of conspiracy to commit wire fraud and mail fraud. The court […]
Los Angeles attorney who gave millions to Democrats found guilty of massive Ponzi scheme
Major Democratic donors Convicted He was indicted Tuesday on charges of running a massive Ponzi scheme that siphoned millions of dollars from his victims. Tom Girardi, 85, bragged about the influence he bought from politicians and called himself a “limousine liberal.” According to In the Los Angeles Times. “The clients he wronged for so many […]
Tom Girardi found guilty of embezzling $15m in alleged ponzi scheme | US news
A federal jury in Los Angeles on Tuesday convicted Tom Girardi, a disbarred California attorney who U.S. prosecutors accused of stealing $15 million in settlement money from clients, of four counts of wire fraud, prosecutors announced. Girardi, 85, whose pollution lawsuit against a California utility company was the subject of the Oscar-winning film “Erin Brockovich,” […]
Christian radio host’s alleged mistress given life sentence over Ponzi scheme that stole millions from elderly listeners
Texas Attorney Secured A woman believed to be the mistress of a Christian radio host has been sentenced to life in prison for stealing tens of millions of dollars from elderly listeners of his show. Debra Mae Carter, 65, was convicted of laundering money in a Ponzi scheme that stole about $31 million from about […]