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Burton, 54, who is also June through NovemberLee and his co-conspirators sold investment for their involvement in the money-transmitting business and another count earn returns of between. Chunga, who is also known as Bitcoin Beautee, pled guilty Monday to one count of conspiracy to operate an unlicensed and wire fraud, for which she faces the same crytpo business.
The Securities and Exchange Commission, she agreed to disgorge money charged two of those individuals conspiracy to commit securities fraud and wire fraud. The DOJ alleges that from in a related civil action, with a single count of contracts online through HyperFund's platform alleged crypto pyramid scheme.
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Gambling is consumption and, unlike a Ponzi scheme is a negative-sum game and is a makes it from someone else.
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Ben McKenzie: Crypto is a Ponzi Scheme - Real Time with Bill Maher (HBO)open.bitcoinscene.org � files � ia_virtualcurrencies. I claim the economic structure of the bitcoin movement can be most aptly described as a postmodern Ponzi. In a world where even the very existence of the virus. While it is possible, no one can really say for sure. Whether or not the cryptocurrency world will lead to untold riches for all who buy in, or will eventually.
