Topic: How to Identify a Ponzi - page 4. (Read 132830 times)

Trendon Shavers gets 18 months:
http://www.coindesk.com/bitcoin-ponzi-scheme-18-months-prison-bitcoin-savings-trust/

after all what i read i still can't identify a Ponzy !!!!
Ponzy is a deceptive person using BTC. Is this the Ponzy??

It very easy to identify which websites are a ponzi that will run away after a short period of time.

1. The website's template is similar to other ponzi websites. I know you guys have experienced this. An investment site that has a very similar look to another investment site is very obvious that it is a ponzi.

2. They use paypal. Paypal's buyer protection does not cover digital goods. In this way, there will be no way for you to dispute your payment if you choose the digital goods as the type of thing that you bought. The ponzi admins can easily run away this way.

3. They pay high. One thing about ponzi scams are they always pay high, this will surely attract investors especially the newbies.

4. The have high referral awards. Another way to attract investors. Some people just spam the referral and don't invest at all. They keep on pushing in social medias to make people register under their account. This promotion will make the website more popular. Thus, ponzi can easily finish their job and runaway.

5. Payment status: Pending. Pretty sure all the people out there that has invested in a ponzi scam has experienced this. Before ponzi run away, they will keep your pay-out as pending. And of course, they will not pay you.

6. "There's a technical problem." They always say there is a technical problem that leads to not paying your pay-out requests. But they do not provide any proof or any screenshot. You should know that the admins are now packing up and are starting to leave when this happens to you.

Always keep in mind what I mentioned above. People should be aware of the ponzi scams out there. Some websites might pay at first, but of course they will run away after a period of time. They are just waiting for big investors to come. Goodluck on investing!

SEC seeks $10 million judgment against GAW Miners
http://www.coindesk.com/sec-seeks-10-million-default-judgment-against-gaw-miners/

Madoff victims are getting some of their money back:
http://www.bloomberg.com/news/articles/2015-12-04/madoff-victims-get-holiday-treat-with-1-1-million-checks

Good to see some of the ponzi owners and getting some legal action taken against them
at least some people might think twice before they do these kinds of scams.

http://www.coindesk.com/digital-currency-pyramid-scheme-operators-jailed-in-spain/

The MMM (2.0) ponzi has been getting more news recently.  They might be using Bitcoin to help fund it.  Is there more detailed information on the Bitcoin connection?

https://www.reddit.com/r/Bitcoin/comments/3p4kuf/mmm_global_republic_of_bitcoin/

If your "investment" solicitation makes claims like

"1,000 times bigger than the birth of the Internet"

or

"gemcoin has millions of users around the world today"


then you might be running a ponzi.


https://www.youtube.com/watch?v=NkpFpXmnBwc

http://arstechnica.com/tech-policy/2015/10/feds-raid-cryptocurrency-startup-accused-of-scamming-32m-from-investors/

Pirate pleads guilty!
http://www.newsbtc.com/2015/09/22/pirateat40-pleads-guilty-to-4-6-million-bitcoin-ponzi-scheme-charge/

That website isn't directly related to Bitcoin, but I guess it gives an insight into how ponzi-schemes are run in the million-dollar industries (Here's a hint, about just the same way as you think).

I found this website dedicated to ponzi tracking:
http://www.ponzitracker.com

Also - the LTC price increase from $1.40 to almost $9 was possibly related to a major LTC ponzi:
http://shitco.in/2015/07/14/the-ltc-pump-dump-and-a-post-mortem-for-both-bulls-and-bears/
and
https://bitcoinmagazine.com/21199/chinese-bitcoin-exchanges-litecoin-price-volatility-driving-bitcoin-gains-not-chinese-stock-market/

Any new major Bitcoin ponzis?  I haven't been following the forums that much recently, so I've been missing out!

10 year German bonds - probably not a ponzi.  The 0.08% interest rate is a dead give away =)

Keep away from Ponzi site or you'll lose all your coins

Bitcoin Trader stopped paying out.
https://bitcointalk.org/index.php?topic=393570.2020;topicseen

Esoteric Invesments also stopped paying out.
https://bitcointalksearch.org/topic/esoteric-investments-llc-up-to-1-earnings-829885

Madoff investors are getting back some of their money (from the people who profited off the scheme)
http://news.yahoo.com/madoff-trustee-recoups-nearly-500-million-more-customers-193438295--sector.html

wow!It look good!Thanks!

This looks a lot like a Stock Generation style scam.
http://en.wikipedia.org/wiki/Stock_Generation

Ponzis commonly explain their revenue source as due to "arbitrage" or "investments", but they never describe their actual operations in any kind of detail. They commonly explain that doing so would let others steal their secret sauce. Which is more likely -- that someone with such a great secret sauce (who needs no help from you) would let you in on it, or that someone would claim to have a secret sauce to separate you from your money?

What do people think about Bitcoins Reserve?

http://bitcoinsreserve.com/services/arbitrage/fund

Checkout their monthly returns. They seem very high and always positive (though not guaranteed). And they claim to be making all their money on arbitrage.  And they have a long list of other services.

Do they have a bitcointalk thread?

Not all ponzi schemes. Some of the ponzi schemes are hideous which will be a little hard to find. Say for example pbmining. Is it a real mining group? How can they offer less than 1/2 of the real price and for a mining period of 5 years. I am really confused about them.

Kindly,
        MZ

these days ponzi identify you.
no really, they say "ponzi" in the title or name. can't get any simpler than that!