The SEC has obtained final judgments against the orchestrator and four promoters of a pyramid and Ponzi scheme involving two purported gold mining companies. In June 2015, the SEC charged Daniel Fernandes Rojo Filho, Heriberto Perez Valdes, Eduardo Da Silva and Jeffrey Feldman of Florida, Romildo Da Cunha of Brazil, Wanderley Dalman and Gaspar Jesus […]

Ponzi scheme promoters sometimes try to prevent participants from cashing out by offering even higher returns for staying put. Meanwhile, with the lot been said about Menzgold and its CEO Nana Appiah Mensah since the Securities and Exchange Commission authorized the gold investment company to shut down in a letter dated 7th Sept. 2018.

Home/Apps/ Is Strong a Ponzi Scheme? or Gold Mine?? Polygon Matic, Price $418 #Strongblock #Passiveincome. Apps Is Strong a Ponzi Scheme? or Gold Mine?? Polygon Matic, Price $418 #Strongblock #Passiveincome. danroo Follow on Twitter Send an email August 28, 2021. 6 …

The SEC alleges that DFRF Enterprises, named for its founder Daniel Fernandes Rojo Filho, claimed to operate more than 50 gold mines in Brazil …

Godfred Yeboah Dame. The Attorney General has filed documents in court to close down three private companies allegedly operating what is akin to a Ponzi scheme. The companies have been posing as recruitment agencies, mainly in the …

Strong is without a doubt a Gold Mine. Congrats to early investors. It is not to late to join the strongest blockchain node as a service network in crypto. L...

Court awards investors in mining company Ponzi scheme class status. A U.S. court has granted class status to investors in GAW Miners LLC. The company has grabbed the news in the past after its founder was sent to prison for defrauding investors. Now, the case against the company's co-owner will be trialed as a class action lawsuit, Bloomberg ...

November 12, 2020 10:24 AM. Gold mine investors in Zimbabwe are pressurizing the government to change the laws that compel producers to sell their products to central banks. Gold mining operation in Zimbabwe. The investors argue that the central banks pay for their products in local currencies which have no value abroad.

ABOUT 300,000 miners are billed to be employed in some 100 community mining sites under Government's community mining scheme by the end of this year. Vice President Dr. Mahamudu Bawumia, who made this known, said 20 mining sites, currently are in operation, and that by the end of this year, all the sites will be operational.

Operators running gold and silver investment schemes promise ponzi plans of 300% reutrns in two years These days, ponzi scheme operators are requesting investors to invest in gold and silver, and are offering fantastic returns for doing so.

Ponzi schemes. Tips to spot a Ponzi scheme: The promoter promises high returns, which could not be achieved through normal conventional investment opportunities, within a short period.

SEC Strikes At Alleged $300M Gold Mine Ponzi Scheme. By Howard. Law360 (June 10, 2010, 7:36 PM EDT) -- Federal regulators on Thursday pounced on an alleged $300 million Ponzi scheme run by ...

Nana Appiah Mensah, popularly referred to as NAM 1, has been in the news headlines after his gold trading company, Menzgold, turned out to be a Ponzi scheme.

ia Attorney Charged in South African Ponzi Scheme U.S. Attorney's Office June 06, 2012: Eastern District of ia (757) ... as well as diamond and gold mining operations. The indictment ...

And this is the very technical definition of a Ponzi scheme. Now it makes it an illegal Ponzi only if [what's] underlying disappears. But a pyramid scheme where people come in [with] liquidity is how every financial instrument on the planet works, so this is not necessarily a bad thing. So I'm trying to give you a balanced answer.

How a 'giant Ponzi scheme' destroyed Zim's economy. Almost two decades of profligate monetary policy has destroyed Zimbabwe's economy and fueled rampant inflation, decimating the savings of its people twice. Hyperinflation of as much as 500 billion percent in 2008 made savings worthless and led to the abolition of the local currency in ...

In its simplest form, a Ponzi scheme is essentially a pyramid scheme that operates on the basis of 'robbing Peter to pay Paul'. The promoter (or …

AddThis Utility Frame. Home / Polygon – MATIC Token / Is Strong a Ponzi Scheme? or Gold Mine?? Polygon Matic, Price $418 #Strongblock #Passiveincome. Polygon – MATIC Token. Is Strong a Ponzi Scheme? or Gold Mine?? Polygon Matic, Price $418 #Strongblock #Passiveincome.

The gold mine which was built to place Nigeria on the list of major gold producing nations, is expected to create about 400 direct and 1,000 indirect jobs by carefully exploring the abundant wealth inherent in the gold value chain. The Gold Mine tagged "Segilola" is a high-grade gold project being developed in Osun, Nigeria, is expected to ...

The classic Ponzi scheme is one where payments to investors/members are derived from additional recruits who pay into the scheme. In the case of gold scam artists, they're not making their money by simply selling to gold investors. They're selling at such above-market prices that …

Start with the biggest deposit of gold ever reported, in the headwaters of the Busang River in the steaming jungle of Borneo. The Canadian company Bre-X Minerals Ltd. didn't know about that when it bought rights to the site in 1993. But after Bre-X hired a high-living geologist to map the ore body, the deposit, along with the fever dreams that accompany gold, grew to monster size—by March ...

The world's top 10 gold mining companies Together, the world's top 10 gold miners produced 27.48 million ounces in 2020, worth approximately $48 billion. Visual Capitalist - Elements | …

The Attorney General has filed documents in court to close down three private companies allegedly operating what is akin to a Ponzi scheme. The companies have been posing as recruitment agencies, mainly in the middle, northern belts of the country and some parts of Greater Accra, and collecting huge sums from the public under the guise of providing them jobs, especially in the gold …

A Ponzi scheme is a false investment that promises outrageously higher returns as compared to traditional investments (Treasury bills, Fixed Deposits, Mutual Funds, Stocks, etc.). Due to the unrealistic nature of guaranteed returns, Ponzi schemes are only able to pay interest to initial investors by using funds of subsequent investors.

SEC Files Charges Over $300 Million Gold-Mining Ponzi Scheme · The SEC just announced charges against the ringleaders of a $300 million Ponzi scheme that saw 3,000 Canadian and American investors buy worthless shares in an allegedly bogus gold-mining enterprise. 3 Feb 1413.

Operators of a Ponzi scheme falsely claiming to operate wealthy gold mines face fraud charges and an asset freeze. 02.07.2015, Sputnik International …

The long and the short of it is Josip Heit was behind Karatbars International's transition from gold pyramid scheme to crypto shitcoin Ponzi. After scamming a bunch of people through a pump and dump launch, Heit split from Karatbars and went off to launch his own MLM crypto Ponzi scheme. GSPartners is the same shitcoin Ponzi business model ...

Memories of the infamous 2016 MMM scheme, where Nigerians lost billions of naira which they invested in that scam, re-echoed last Sunday …

GreenGold Review: Bitcoin "we plant trees" Ponzi scheme. May.29, 2021 in MLM Reviews. GreenGold operates in the "pretending to give a crap about the environment now please give us your money" MLM niche. The company represents it is headed up by "eco-entrepreneur Mr. Adam Durand and with the help of partners".

Ponzi Schemes - Frequently Asked Questions, Bernie Madoff . Revised-edited, by Bachir El Nakib, Senior Consultant, Compliance Alert (LLC) For some reason, this guy you just met at a party has suddenly taken a liking to you. To him, you seem sharp and able to recognize a …

South Africa's COVID-19 lockdown could hurt gold production as Africa's largest gold producer shuts mines for 21 days to prevent the virus from spreading. Image in the public domain/Pixabay South Africa, a country whose economy was built on gold mining, has shut its mines for three weeks as part of a 21-day nationwide lockdown that the ...

Manhattan U.S. Attorney And FBI Assistant Director-In-Charge Announce Arrests Of Three Defendants In $2.5 Million Ponzi Scheme. Alleged Scheme Involved Sham Investments In West African Gold And Diamond Mines. Preet Bharara, the United States Attorney for the Southern District of New York, and George Venizelos, the Assistant Director-in-Charge ...

SEC alleges $300M Ponzi scheme with Colorado ties. The U.S. Securities and Exchange Commission on Thursday charged four Canadian men and two others living in Florida in connection with an alleged ...

Yeah. Can you walk me through a common or a popular Ponzi scheme? Thomas Neches. An example of one that I worked on many years ago was the investors were offered substantial returns on fictional investments in arbitrage trading and gold mines. The guy said, "I've got this great gold mine in South Africa. I can make great money for you.