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Ponzi Schemes – XtremeCuztoms

Category: Ponzi Schemes

Canadians Victimized for More Than $530 Million in Fraud Schemes Last Year

January 26, 2023
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In 2022, 90,137 incidents of fraud were reported, with 56,352 Canadian victims and a total loss of $530 million, according to the Canadian Anti-Fraud Centre (CAFC). Each year, CAFC documents new frauds, trying to stay ahead of scammers who keep coming up with more innovative ways to victimize Canadians for their money. This month, for…

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Crypto Executive Compares Sam Bankman-Fried to Ponzi Conman Bernie Madoff

November 18, 2022
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Crypto exchange Binance’s chief strategy officer Patrick Hillmann has compared Sam Bankman-Fried, CEO of the bankrupt crypto exchange FTX, to the infamous Ponzi scheme mastermind Bernie Madoff. In an interview with CNBC, Hillmann said that venture capitalists were attracted to Bankman-Fried’s persona and appearance of credibility. Bankman-Fried is either like Elizabeth Holmes, founder of the…

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