Tag Archives: Ponzi scheme
- Feds: Bitcoin mining startup duped over 10,000 people in $20M Ponzi scheme
December 2, 2015
The founder of a now-defunct bitcoin mining company is in hot water over claims that his companies defrauded investors out of $20 million in a Ponzi scheme. On Tuesday, the U.S. Securities and Exchange Commission filed a civil complaint against Homero Joshua Garza and his companies, GAW Miners LLC and...
- Shapiro set to drop new gambling allegations against the U
June 11, 2013
Nevin Shapiro, already serving a 20-year sentence for his role running a $930 million Ponzi scheme, is ready to drop another bombshell on the University of Miami. What a surprise. According to the Miami Herald, the flappy-mouthed convicted Ponzi schemer is reportedly coming out with new allegations against UM coaches...
- Dealer’s Choice: WSOP APAC’s Big Success, Ray Bitar’s Lessons
April 19, 2013
The World Series of Poker’s first foray into the Asia-Pacific market ended earlier this week when Canadian poker pro Daniel Negreanu walked away with its Main Event title, his fifth career gold bracelet. By just about any measure the stop in Melbourne was a smashing success. The five official bracelet...
- Question of the Day – What is the ultimate fate of Full Tilt Poker?
October 15, 2011
In today's Question of the Day episode, Becky Liggero asks the gaming industry professionals regarding the ultimate fate of Full Tilt Poker after the US DOJ recently called FTP as a "Global Ponzi Scheme." Hear their opinions.
- Playing the Ponzi Card
October 4, 2011
Ponzi scheme (n.) - a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. Charles Ponzi wasn’t the first person in America to concoct a fraudulent investment scheme...
- Weekly Poll Results
September 30, 2011
Everyone seems to have an opinion on what really went down with the Full Tilt Poker scandal. Opinions vary from players to gambling industry professionals and of course, if we follow what the US Department of Justice believes, then what happened with Full Tilt Poker was a glorified Ponzi Scheme....
Top 5 Online Gambling Industry PR Stunts of 2012
December 30, 2012
One Year After Black Friday
April 15, 2012
Weekly Poll – Which Team Will Win the 2014 NBA Finals?
June 13, 2014