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Topic: Ponzi Schemes are illegal right? - page 2. (Read 463 times)

copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
June 13, 2018, 05:30:07 PM
#7
Actually I don't think ponzis are inherantly illegal. If you tell people in your terms and conditions and they agree to them, then it's up to them whether to follow it or not.
False advertising is the illegal part not the idea behind it.
Nonsense.
http://qr.ae/TUpsAM
http://qr.ae/TUpsAU

From the link posted above here are two examples.

In the most upvoted reply: social security does the same thing. There are other things that function in the same way, if you think of the financial crisis of 2009 was due to banks becoming more like ponzi schemes and not having enough actual money in their posession and being in too much debt with the government banks. If you think also about insurance companies, sure they have methods of reducing the amount they have to pay if they really need to and to sort out other stuff, but if thousands of people needed to claim against a few million dollars of losses each, that insurance company would collapse.
legendary
Activity: 2383
Merit: 1551
dogs are cute.
June 13, 2018, 05:19:12 PM
#6
It depends on country to country depending upon the laws (?). There are loopholes or hidden agendas in these ponzi schemes sometimes which may cover things up, but yeah in most cases it is illegal. Read this for more information : https://www.quora.com/Why-is-a-ponzi-scheme-illegal
legendary
Activity: 1932
Merit: 2272
June 13, 2018, 04:49:58 PM
#5
I want to know why this is if they are illegal in the majority of the countries. Doesn't this forum have to follow the laws that its hosted in?
I am sure ponzi is illegal in all countries.

Actually I don't think ponzis are inherantly illegal. If you tell people in your terms and conditions and they agree to them, then it's up to them whether to follow it or not.
False advertising is the illegal part not the idea behind it.
Nonsense.

To be honest this is very interesting topic.

For example, if someone try to sell fixed sport games, topic will be removed because it is illegal to sell fixed games.
Ponzi is also illegal but it is not moderated.

Why are fixed sport games moderated? I mean, both are illegal and both are scams.
sr. member
Activity: 840
Merit: 266
June 13, 2018, 04:28:45 PM
#4
There scam ICOs too and forum not remove it, that does not mean they agree with it, that is why there is DT members if you report a Ponzi schemes project or a post advertising Ponzi schemes website they will get instant tagged by DT members same as reporting ICOs .
copper member
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
June 13, 2018, 04:25:30 PM
#3
In most countries Ponzi schemes are illegal and looking at the rules discussion of illegal activities or selling of illegal things are not allowed.
Actually I don't think ponzis are inherantly illegal. If you tell people in your terms and conditions and they agree to them, then it's up to them whether to follow it or not.
False advertising is the illegal part not the idea behind it.

I want to know why this is if they are illegal in the majority of the countries. Doesn't this forum have to follow the laws that its hosted in?

The forum is supposed to be quite impartial it would take a lot of effort to ge through and delete everything that was a ponzi or everything that looks like a ponzi.
Vod
legendary
Activity: 3668
Merit: 3010
Licking my boob since 1970
June 13, 2018, 04:21:57 PM
#2
I want to know why this is if they are illegal in the majority of the countries. Doesn't this forum have to follow the laws that its hosted in?

I believe it does not apply since the forum didn't create the content - it just hosts it.

Ripoffreport has been using this legal "loophole" - successfully - for years.
legendary
Activity: 1232
Merit: 1080
June 13, 2018, 02:59:54 PM
#1
In most countries Ponzi schemes are illegal and looking at the rules discussion of illegal activities or selling of illegal things are not allowed.

Why are they not moderated in this is the case? Ponzi schemes are usually easy to spot as these days there is not much of an effort that gets put in them. I know the current stance of the forum against ponzi schemes is they are not removed.

I want to know why this is if they are illegal in the majority of the countries. Doesn't this forum have to follow the laws that its hosted in?
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