Understanding Ponzi Schemes and Cryptocurrency Crimes
Learn about Ponzi schemes, their origins, how they collapse, and the growing threat of cryptocurrency scams. Discover how fraudsters deceive investors with false promises, leading to financial losses and identity theft in the world of digital currencies.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Ponzi Scheme and Ponzi Scheme and Cryptocurrency Crimes Cryptocurrency Crimes Maram Bani Younes
Contents What is Ponzi Scheme? Ponzi scheme collapses Origins of the Ponzi Scheme Cryptocurrency Scams Ponzi Schemes and Cryptocurrency.
Ponzi Scheme A Ponzi scheme is a type of investment fraud in which investors are promised big profits at little or no risk. The money is not invested. Rather, the scam artist concentrates on attracting more investors. A growing number of victims is needed to pay out the supposed profits being distributed to earlier investors.
Ponzi scheme collapses When the flow of new investment slows, the scam artist doesn't have enough money to pay out those supposed profits. That's when the Ponzi scheme collapses.
Origins of the Ponzi Origins of the Ponzi Scheme Scheme The Ponzi scheme got its name in 1920 from a swindler named Charles Ponzi. Cornell Law School Legal Information Institute. "Ponzi Scheme. Ponzi became a millionaire by promoting a nonexistent investing opportunity. Ponzi wasn't the first to perpetrate this type of fraud. Earlier schemes were reported in the 19th century and the methods were dramatized.
Cryptocurrency Cryptocurrency Scams Scams A cryptocurrency scam is a fraud involving digital currencies that aims to deceive investors with false promises or to trick them into giving away access to their digital wallets. Scammers lure victims with the promise of high returns, only to disappear with the investors' money. Criminals will use legitimate logos copied from government agencies to make them appear authentic.
Cryptocurrency Scams Cryptocurrency Scams Scammers can trick victims into sending cryptocurrency, resulting in irreversible financial losses. Some scams involve stealing personal information, leading to identity theft and further fraud. Scammers use malware and phishing techniques to compromise wallets and access funds.
Ponzi Schemes and Cryptocurrency. Ponzi schemes and fake investment opportunities promise high returns but result in total loss. The lack of regulatory oversight of cryptocurrency makes it challenging to recover stolen funds.
![Prevention and Combating of Hate Crimes and Hate Speech Bill [B.9B.2018]](/thumb/60513/prevention-and-combating-of-hate-crimes-and-hate-speech-bill-b-9b-2018.jpg)
