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PYRAMID SCAM IN PROGRESS!
It is an application called BONJOUR, a PONZI type scam, which consists of "Bicycle Rental" that does not exist, in which you invest an amount of money, and they pay you a daily amount of money, the system ensures to pay its contributors, but the system collapses..
#ponzi #estafa #piramidal #inversion #Blessingtrade
It is an application called BONJOUR, a PONZI type scam, which consists of "Bicycle Rental" that does not exist, in which you invest an amount of money, and they pay you a daily amount of money, the system ensures to pay its contributors, but the system collapses..
#ponzi #estafa #piramidal #inversion #Blessingtrade
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Bitcoin Pharaoh arrested in Florianópolis after a year and a half on the run
Florianópolis, May 31, 2024 - Claudio Barbosa, known as the "Bitcoin Pharaoh", was arrested in Florianópolis on Tuesday night (28), after a year and a half on the run from justice. He is suspected of being part of a pyramid scheme with cryptocurrencies that generated losses of R$4.1 billion in more than 80 countries.
Barbosa was arrested in a luxury car in the Jurerê Internacional neighborhood, following an anonymous tip. He did not resist arrest. The accused's defense claimed that precautionary custody is unnecessary, as the process is in the final stage, and that there was no regulation on cryptoactives at the time of the events.
Millionaire scheme
According to the Federal Police, Barbosa's company, Trust Investing, offered investment packages starting at US$15, with promises of daily gains of up to 20% per month and more than 300% per year. In 2021, the group launched two cryptocurrencies without financial backing to keep the pyramid running.
Previous arrest
In 2021, another man known as the "Bitcoin Pharaoh", Glaidson Acácio dos Santos, was arrested for a similar scheme.
Legal Framework for Cryptoassets
In 2022, Law No. 14,478/2022, known as the Legal Framework for Cryptoassets, was approved. Barbosa's defense argues that the investigations against him took place before the law came into force, when there was no regulation on the subject in Brazil.
What happens now?
Barbosa remains in prison in Florianópolis. The defense seeks to reverse the court's decision and set him free. The case is ongoing in the city of Campo Grande (MS). $BTC $ETH $BNB #golpes #ponzi
Florianópolis, May 31, 2024 - Claudio Barbosa, known as the "Bitcoin Pharaoh", was arrested in Florianópolis on Tuesday night (28), after a year and a half on the run from justice. He is suspected of being part of a pyramid scheme with cryptocurrencies that generated losses of R$4.1 billion in more than 80 countries.
Barbosa was arrested in a luxury car in the Jurerê Internacional neighborhood, following an anonymous tip. He did not resist arrest. The accused's defense claimed that precautionary custody is unnecessary, as the process is in the final stage, and that there was no regulation on cryptoactives at the time of the events.
Millionaire scheme
According to the Federal Police, Barbosa's company, Trust Investing, offered investment packages starting at US$15, with promises of daily gains of up to 20% per month and more than 300% per year. In 2021, the group launched two cryptocurrencies without financial backing to keep the pyramid running.
Previous arrest
In 2021, another man known as the "Bitcoin Pharaoh", Glaidson Acácio dos Santos, was arrested for a similar scheme.
Legal Framework for Cryptoassets
In 2022, Law No. 14,478/2022, known as the Legal Framework for Cryptoassets, was approved. Barbosa's defense argues that the investigations against him took place before the law came into force, when there was no regulation on the subject in Brazil.
What happens now?
Barbosa remains in prison in Florianópolis. The defense seeks to reverse the court's decision and set him free. The case is ongoing in the city of Campo Grande (MS). $BTC $ETH $BNB #golpes #ponzi
A little enlightenment #Ponzi
Many people still claim that the supply is at one billion. This is also stated in the white paper if you check it.
but don't be fooled like in the beginning when Terra kept quiet about the hyperinflation that was affecting LUNC.
Let's just click on the coin info and then go to the block explorer
you will be redirected to the Block Explorer then just click on mint!!!
In the document, everyone can read that Luna's supply has exceeded the 1 billion mark and will continue to do so in the future and the statement in the whitepaper is simply a lie to conceal this from investors .
The fact alone that Terra has not learned anything from the mistakes of the past and still does not educate its investors enough about the supply forces me to do this 🤷🏽♂️#HotTrends
this simply means Terra will dance on the spot forever #BinanceLaunchpool because there is no focus on a burn on the part of the new chain so it means the inflation of the chain kills it in the long run$BTC $SOL $SOL
but don't be fooled like in the beginning when Terra kept quiet about the hyperinflation that was affecting LUNC.
Let's just click on the coin info and then go to the block explorer
you will be redirected to the Block Explorer then just click on mint!!!
In the document, everyone can read that Luna's supply has exceeded the 1 billion mark and will continue to do so in the future and the statement in the whitepaper is simply a lie to conceal this from investors .
The fact alone that Terra has not learned anything from the mistakes of the past and still does not educate its investors enough about the supply forces me to do this 🤷🏽♂️#HotTrends
this simply means Terra will dance on the spot forever #BinanceLaunchpool because there is no focus on a burn on the part of the new chain so it means the inflation of the chain kills it in the long run$BTC $SOL $SOL
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$PDA When I see the friends who bought it from here, they started to say that it will fly away, it is obvious that they did not do any research, it came here for 3 dollars, they do not know it, moreover, the tokens that cost 0.15 dollars became 3 dollars in the same range, I am afraid that we are being replaced by tokens with lots of zeros. Even the fraudster Do Kwon did not harm us that much. Friends who bought it for 0.1 dollars for a long time. If they wait, they will understand what I'm talking about. Remember that in some exchanges, there was not even a transformation, it sits in a corner like a fake token and there is no sound because there is no sanction against these thieves. Remember, if your money is confiscated, there is nothing you can do by the Playdapp team and this thieves team can take your money at any time. You can say that we have collapsed and it is unclear whether they will do this or not.
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Altcoins will start at #Btc 44000 of course if the scammer wants to increase #ALTLARSÜRÜNÜYOR
#ponzi if you got caught in the system, your torn pants are gone.
$BTC
#ponzi if you got caught in the system, your torn pants are gone.
$BTC
U r being warned
#pepe is #ponzi
#overpriced #hyped than #worth
every pump is better for dump
short the Ponzi to the 🪦..
every green candle is easy profit 😜
just grab it
play like #pro
#pepe is #ponzi
#overpriced #hyped than #worth
every pump is better for dump
short the Ponzi to the 🪦..
every green candle is easy profit 😜
just grab it
play like #pro
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$PDA today it rose a little and then took it all back in one candle. The usual fake move. I do not believe that there is an honorable human being in this team.
I have been following them for 3 years, they are all thieves, they are all fraudsters, they don't keep their exits for more than 1 hour, sometimes they make volumes for 1 hour, attract investors to defraud them, and then they bring the price down from wherever they raised it, these scum have not changed at all for 3 years, that's why they managed to come here from 3.3 $... #ponzi @PlayDapp_io
I have been following them for 3 years, they are all thieves, they are all fraudsters, they don't keep their exits for more than 1 hour, sometimes they make volumes for 1 hour, attract investors to defraud them, and then they bring the price down from wherever they raised it, these scum have not changed at all for 3 years, that's why they managed to come here from 3.3 $... #ponzi @PlayDapp_io
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$FLOKI THIS TEAM IS A SCAMMER, DO NOT MEET THESE SCAMMERS. THEY EXIST TO STEAL PEOPLE'S MONEY. FLOKI IS THE THEFT SYSTEM!!!
#ponzi #BinanceTurns7 #BinanceTournament #Binance #Bitcoin
#ponzi #BinanceTurns7 #BinanceTournament #Binance #Bitcoin
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💥 Individuals involved in IcomTech's 'Ponzi' scheme must pay over 5 million USD for fraud.
A court in California has sentenced five individuals involved in IcomTech's 'Ponzi' scheme to pay over 5 million USD for fraud and misappropriation of funds from a fraudulent Bitcoin trading scheme.
The defendants, including David Carmona, Juan Arellano Parra, Moses Valdez, David Brend, and Marco A. Ruiz Ochoa, defrauded over 1 million USD from 190 victims in the US and other countries.
The court concluded that the defendants violated the Commodity Exchange Act and the regulations of the Commodity Futures Trading Commission (CFTC), with a ruling requiring them to pay fines and restitution to the victims.
Each was fined 1 million USD, and a total of over 5 million USD will be returned to the victims.
IcomTech, which operated from mid-2018 to late 2019, promised a 100% return after every six weeks of investment, but instead of investing in Bitcoin, the group misappropriated the investors' funds. Carmona and his accomplices were sentenced to prison, with Carmona facing up to 10 years in prison.
#ponzi #BTC☀ #Write2Win
A court in California has sentenced five individuals involved in IcomTech's 'Ponzi' scheme to pay over 5 million USD for fraud and misappropriation of funds from a fraudulent Bitcoin trading scheme.
The defendants, including David Carmona, Juan Arellano Parra, Moses Valdez, David Brend, and Marco A. Ruiz Ochoa, defrauded over 1 million USD from 190 victims in the US and other countries.
The court concluded that the defendants violated the Commodity Exchange Act and the regulations of the Commodity Futures Trading Commission (CFTC), with a ruling requiring them to pay fines and restitution to the victims.
Each was fined 1 million USD, and a total of over 5 million USD will be returned to the victims.
IcomTech, which operated from mid-2018 to late 2019, promised a 100% return after every six weeks of investment, but instead of investing in Bitcoin, the group misappropriated the investors' funds. Carmona and his accomplices were sentenced to prison, with Carmona facing up to 10 years in prison.
#ponzi #BTC☀ #Write2Win
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$PDA Even if you put a golden saddle on a donkey, the donkey is still a donkey. If you turn the thief into a police officer, he will still steal it. We made a mistake in thinking that a team has been stealing since its launch and its token should be changed...
Even when BTC was 16500$, the price was $PDA . It was much higher than these prices. BTC is now 70000$ and the price is 0.12. When you spread the size of the theft over time, you realize that it has exceeded Do Kwon. We haven't even mentioned the ones that cost 3 dollars. The only team that has a bear season even in the bull season is #ponzi $PDA @PlayDapp_io
Even when BTC was 16500$, the price was $PDA . It was much higher than these prices. BTC is now 70000$ and the price is 0.12. When you spread the size of the theft over time, you realize that it has exceeded Do Kwon. We haven't even mentioned the ones that cost 3 dollars. The only team that has a bear season even in the bull season is #ponzi $PDA @PlayDapp_io
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My post dated $PDA 12 April 2024 is exactly like this, unfortunately I was right. That day I wrote exactly the following..✍️
$PDA now from here now from here If it drops to 0.05 dollars from there to 0.09, you will say that it is rising and the team will market it with various trolls and other people who will let us in. It's a shame for us, they ruined us, they stole our money, new friends who entered and will enter, be very careful, do your research, keep in mind that the team is thieves. Then, do not fall into the situation we fell into, look back at the graph, let me explain a little, it started at $ 3.3, fell to $ 0.33, and it turned out to be a hacking incident. It fell to 14 dollars, as $PDA . It started trading again only on Binance a month ago. It dropped by 50 percent from 0.33 dollars. People in other exchanges were not so lucky. They have been kept waiting for 2 months for conversion. Unfortunately, there is no institution that holds these dishonest people accountable. Judging by the historical cycle, there is a higher probability that it will drop to 0.03 dollars. From time to time they make up something else and change the name and start trading again, then 0.0003, there is no end to this, they always find people to defraud as they add zeros in front of them #ponzi #ponzi @PlayDapp_io
$PDA now from here now from here If it drops to 0.05 dollars from there to 0.09, you will say that it is rising and the team will market it with various trolls and other people who will let us in. It's a shame for us, they ruined us, they stole our money, new friends who entered and will enter, be very careful, do your research, keep in mind that the team is thieves. Then, do not fall into the situation we fell into, look back at the graph, let me explain a little, it started at $ 3.3, fell to $ 0.33, and it turned out to be a hacking incident. It fell to 14 dollars, as $PDA . It started trading again only on Binance a month ago. It dropped by 50 percent from 0.33 dollars. People in other exchanges were not so lucky. They have been kept waiting for 2 months for conversion. Unfortunately, there is no institution that holds these dishonest people accountable. Judging by the historical cycle, there is a higher probability that it will drop to 0.03 dollars. From time to time they make up something else and change the name and start trading again, then 0.0003, there is no end to this, they always find people to defraud as they add zeros in front of them #ponzi #ponzi @PlayDapp_io
Con argument: Meme coins are just a fun Ponzi
There I said it and I stand by it. Meme coins are just a fun Pozi scheme.
Why:
The nature of meme coins, Meme coins are in other words coins made as a joke. The whole point of buying this coin/token is to hopefully be able to dump these tokens on someone else for some profit. Thats IT. When you buy a meme coin your someone else's liquidity. You buy a meme coin not because you think the coin will have a use case in the future but because you think you can dump it on another guy. And that guy thinks he can dump it on another guy, etc, etc. All until the guy doesn't have anyone to sell the coin to and the price plummets. I just described a Ponzi.
Why do people buy meme coins in the first place? Well because they see people posting 100000000% gains. You get greedy so when some random guy on Twitter tells you that X coin will flip eth you drop your whole bag in. Then either 2 things happen. A) Coin gets rugged you sad. B) Coin goes up! Your in the green but instead of selling you and others start shilling the coin everywhere hoping to pump more! You get stuck in an echo chamber. Fuel ends and you're holding the bag. You are sad.
The difference between meme coins and other coins is well other coins have actual use cases. You buy other coins, yes because you think you can sell it for more but chances are you believe in the coins tech's future success so it will reach your desired price.
Meme coin = Pure hype
Other coins = You believe in the success of the tech
So TLDR: Every time you buy a meme coin, your hoping you can sell it to someone else for more. But chances are once you hear about the coin its already at or close to the peak. DYOR as always and always assume meme coins will go to 0. As the majority do.
#Meme #memecoins #ponzischeme #ponzi #dyor
Why:
The nature of meme coins, Meme coins are in other words coins made as a joke. The whole point of buying this coin/token is to hopefully be able to dump these tokens on someone else for some profit. Thats IT. When you buy a meme coin your someone else's liquidity. You buy a meme coin not because you think the coin will have a use case in the future but because you think you can dump it on another guy. And that guy thinks he can dump it on another guy, etc, etc. All until the guy doesn't have anyone to sell the coin to and the price plummets. I just described a Ponzi.
Why do people buy meme coins in the first place? Well because they see people posting 100000000% gains. You get greedy so when some random guy on Twitter tells you that X coin will flip eth you drop your whole bag in. Then either 2 things happen. A) Coin gets rugged you sad. B) Coin goes up! Your in the green but instead of selling you and others start shilling the coin everywhere hoping to pump more! You get stuck in an echo chamber. Fuel ends and you're holding the bag. You are sad.
The difference between meme coins and other coins is well other coins have actual use cases. You buy other coins, yes because you think you can sell it for more but chances are you believe in the coins tech's future success so it will reach your desired price.
Meme coin = Pure hype
Other coins = You believe in the success of the tech
So TLDR: Every time you buy a meme coin, your hoping you can sell it to someone else for more. But chances are once you hear about the coin its already at or close to the peak. DYOR as always and always assume meme coins will go to 0. As the majority do.
#Meme #memecoins #ponzischeme #ponzi #dyor
🙏 From Sermons to Schemes: Pastor's $6M Crypto Ponzi
⛪️ In Washington state, a pastor went from preaching salvation to promising 35% monthly returns through a “high-performance” crypto trading platform. Spoiler alert: it was a $6M Ponzi scheme.
🤖 The pastor’s pitch included a fake trading bot, a “Solano ecosystem,” and flashy online dashboards showing nonexistent profits. Congregants even earned 15% referral bonuses for bringing in new believers—into the scam, not the faith.
Turns out, no trading, no bots, and no profits. Just one pastor allegedly "misappropriating" funds faster than you can say Amen. 😅
Lesson of the day: trust in higher powers, not in "guaranteed" returns. 🙏💸
#Ponzi #ScamRiskWarning
🤖 The pastor’s pitch included a fake trading bot, a “Solano ecosystem,” and flashy online dashboards showing nonexistent profits. Congregants even earned 15% referral bonuses for bringing in new believers—into the scam, not the faith.
Turns out, no trading, no bots, and no profits. Just one pastor allegedly "misappropriating" funds faster than you can say Amen. 😅
Lesson of the day: trust in higher powers, not in "guaranteed" returns. 🙏💸
#Ponzi #ScamRiskWarning
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$PDA now from here now from here If it drops to 0.05 dollars, you will say that it will rise from there to 0.09 and the team will market it with various trolls and other people will let us in. It's a shame for us, they ruined us, they stole our money, new friends who entered and will enter, be very careful, do your research, keep in mind that the team is thieves. Then, do not fall into the situation we fell into, look back at the graph, let me explain a little, it started at $ 3.3, fell to $ 0.33, and it turned out to be a hacking incident. It fell to 14 dollars. It started trading again only on Binance a month ago as $PDA . It fell by 50 percent from 0.33 dollars. People in other exchanges were not so lucky. They have been kept waiting for 2 months for conversion. Unfortunately, there is no institution that holds these dishonest people accountable. Judging by the historical cycle, it is more likely that it will drop to 0.03 dollars. From time to time they make up something else and change the name and start trading again. Then 0.0003. There is no end to this. As long as they put a zero in front of them, they always find people to defraud. #ponzi $PDA #ponzi @PlayDapp_io
Erosion of a crypto development
Crypto development is indeed so advanced and continues to grow. However, the negative side that occurs with the pace of development erodes the meaning of what crypto was created for. The erosion occurs due to several causative effects that have eroded the crypto work system to run as intended.
Many polemics underlie the problems that occur and the crypto world actually continues to make various improvements to the conditions that cause why the polemics occur. But in some cases, it seems that the polemics underlying the filling are unfortunately just allowed to happen. Where as one example is the systematic existence of freedom on the issue of token creation that is not based on the existence of crypto being created as well as the creation of several projects that involve problems with overlapping critiques developing in the form of hit and eun that still continue to occur.
The language of "SCAM" as well as the term "PONZI" existence, seems to be just a word term like a part that must exist not be eliminated. Both of these are very different if aligned with the form of the term "HACKING" which does exist in the world of technology, where here lessons are learned about the meaning of "SECURITY" can be created.
Scam or Ponzi is an external part of the existence of technology created from outside the technology section, where the two things are created from the word manipulation or fraud disguised in various forms of life side patterns that occur.
The crypto world is so large that it is slowly eroded by many small and large incidents of SCAM and PONZI controversies, erosion creates a loss of trust or a reduction in confidence in the adoption of crypto in the eyes of many people who are starting to dive in.
-===-
#eryption #crypto #scam #ponzi
Many polemics underlie the problems that occur and the crypto world actually continues to make various improvements to the conditions that cause why the polemics occur. But in some cases, it seems that the polemics underlying the filling are unfortunately just allowed to happen. Where as one example is the systematic existence of freedom on the issue of token creation that is not based on the existence of crypto being created as well as the creation of several projects that involve problems with overlapping critiques developing in the form of hit and eun that still continue to occur.
The language of "SCAM" as well as the term "PONZI" existence, seems to be just a word term like a part that must exist not be eliminated. Both of these are very different if aligned with the form of the term "HACKING" which does exist in the world of technology, where here lessons are learned about the meaning of "SECURITY" can be created.
Scam or Ponzi is an external part of the existence of technology created from outside the technology section, where the two things are created from the word manipulation or fraud disguised in various forms of life side patterns that occur.
The crypto world is so large that it is slowly eroded by many small and large incidents of SCAM and PONZI controversies, erosion creates a loss of trust or a reduction in confidence in the adoption of crypto in the eyes of many people who are starting to dive in.
-===-
#eryption #crypto #scam #ponzi
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Cryptocurrency promoter Juan Tacuri was sentenced to 20 years in prison for running a #ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking communities in the U.S.
The scheme, disguised as a #Criptomonedas mining operation, promised guaranteed returns but left victims unable to withdraw funds while the promoters pocketed millions.
In addition to his 20-year prison term, he was sentenced to one year of supervised release and ordered to forfeit more than $3 million, including his Florida home, and pay $3.6 million in restitution to the victims.
The scheme, disguised as a #Criptomonedas mining operation, promised guaranteed returns but left victims unable to withdraw funds while the promoters pocketed millions.
In addition to his 20-year prison term, he was sentenced to one year of supervised release and ordered to forfeit more than $3 million, including his Florida home, and pay $3.6 million in restitution to the victims.
FBI arrested Idin Dalpour for orchestrating a $43 million Ponzi scheme involving a Las Vegas hospitality business and a crypto trading operation. Read the full story here.
https://btc-pulse.com/fbi-busts-43m-crypto-and-las-vegas-ponzi-scheme/
#FBI #IdinDalpour #ponzischeme #ponzi #lasvegas
https://btc-pulse.com/fbi-busts-43m-crypto-and-las-vegas-ponzi-scheme/
#FBI #IdinDalpour #ponzischeme #ponzi #lasvegas
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Argentina has been in turmoil in recent weeks due to a massive scam that has affected thousands of people, and it combines classic elements of #ponzi with the setup of a fake exchange. Have you heard of the #RainbowEx case?
Everything began to come to light thanks to an investigation by programmer Maximiliano Firtman (@maxifirtman on X), who warned that in San Pedro, almost a third of the population (20 thousand people in a town of 70 thousand) had put their life savings into an app called Rainbow and that, according to them, they were making huge profits thanks to a trading signal that an Asian woman (whom they called "La China") sent every day through Telegram. The profits ranged between 1.5% and 2% DAILY (if this is not a sign of a scam, I don't know what is).
Truly many people (especially those who entered at the beginning) did make profits. But why? Here is the Ponzi part of the scam: as more people joined and contributed their savings, the first ones collected that "profit" generated by the platform. For the system to be maintained, people must not stop joining. And in San Pedro, people saw their neighbors getting richer and kept joining.
Now, the other part of the scam had to do with the exchange. Rainbow pretended to be a #Binance -style platform in which currency pairs were traded. The signals were marginal or non-existent currencies. What the platform did was show the supposed increase in the currency after the "China signal", but in truth everything was manipulated, and Justice almost certainly believes that it was a demo that simulated the operations.
It is certain that those who have their funds on the platform will never be able to withdraw them again (after the news was nationalized, they stopped allowing withdrawals) and it will also happen that the last scammed will take it out on those who made some money (when they understand how the Ponzi works)...
THIS STORY WILL BE CONTINUED...
Everything began to come to light thanks to an investigation by programmer Maximiliano Firtman (@maxifirtman on X), who warned that in San Pedro, almost a third of the population (20 thousand people in a town of 70 thousand) had put their life savings into an app called Rainbow and that, according to them, they were making huge profits thanks to a trading signal that an Asian woman (whom they called "La China") sent every day through Telegram. The profits ranged between 1.5% and 2% DAILY (if this is not a sign of a scam, I don't know what is).
Truly many people (especially those who entered at the beginning) did make profits. But why? Here is the Ponzi part of the scam: as more people joined and contributed their savings, the first ones collected that "profit" generated by the platform. For the system to be maintained, people must not stop joining. And in San Pedro, people saw their neighbors getting richer and kept joining.
Now, the other part of the scam had to do with the exchange. Rainbow pretended to be a #Binance -style platform in which currency pairs were traded. The signals were marginal or non-existent currencies. What the platform did was show the supposed increase in the currency after the "China signal", but in truth everything was manipulated, and Justice almost certainly believes that it was a demo that simulated the operations.
It is certain that those who have their funds on the platform will never be able to withdraw them again (after the news was nationalized, they stopped allowing withdrawals) and it will also happen that the last scammed will take it out on those who made some money (when they understand how the Ponzi works)...
THIS STORY WILL BE CONTINUED...