A Bigger Risk Than GameStop? Beware the Ponzi Scheme Next Door: nytimes.com/2021/02/05/you…
"Experts have seen an increase in the frauds, many of which are preying on investors who feel they lost out on the market gains of the last few years."
by @sullivanpaul
"Experts have seen an increase in the frauds, many of which are preying on investors who feel they lost out on the market gains of the last few years."
by @sullivanpaul
Also see -
"The 24-year-old founder of Virgil Capital, which ran two cryptocurrency hedge funds, admitted to duping investors out of almost $100 million and using the money to support a lavish lifestyle."
bloomberg.com/news/articles/…
by @ChrisDolmetsch
"The 24-year-old founder of Virgil Capital, which ran two cryptocurrency hedge funds, admitted to duping investors out of almost $100 million and using the money to support a lavish lifestyle."
bloomberg.com/news/articles/…
by @ChrisDolmetsch
Loose monetary policy (and the resulting speculative mania) is the reason for the surge of fraudulent activity - make no mistake about that.
This fraudulent activity is just one type of malinvestment that is resulting from central bank policies.
wiki.mises.org/wiki/Malinvest…
This fraudulent activity is just one type of malinvestment that is resulting from central bank policies.
wiki.mises.org/wiki/Malinvest…
I'm going to call it right now (and I WILL be right):
Though basic crypto/blockchain technology is legitimate and here to stay, a very high percentage of crypto startups and companies are bogus & doomed and only exist due to loose central bank policies (i.e., malinvestment).
Though basic crypto/blockchain technology is legitimate and here to stay, a very high percentage of crypto startups and companies are bogus & doomed and only exist due to loose central bank policies (i.e., malinvestment).
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