What Is a Ponzi System? An Educational Overview
A Ponzi system pays returns to earlier investors using new investors’ funds rather than profit. This overview explains how these schemes operate, their history, and key red flags to spot fraud.
Financial Scams
Understanding Ponzisystem: How Ponzi Schemes Work
Ponzi schemes promise high, steady returns but use new investors’ money to pay earlier ones. This journalistic guide outlines how they operate, common red flags, and ways to safeguard your savings.
Whistleblower Alleges Alameda Research Lost $190M to Avoidable Scams
Whistleblower Charles Smith has alleged that Alameda Research, a cryptocurrency trading firm, incurred $190M in losses due to preventable scams. An internal investigation into these claims has been launched amid controversy and speculation.