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On May 20, 2010, the SEC filed a federal case against Edward A. Allen and David L. Olson, two former brokers of World Financial Group / World Group Securities, accusing them of having raised approximately $14.8 million through the offer and sale of promissory notes as part of an illegal Ponzi scheme in the States of Ohio and Florida between ...
Momo Challenge hoax. The " Momo Challenge " was a hoax and an internet urban legend that was rumoured to spread through social media and other outlets. It was reported that children and adolescents were being harassed by a user named Momo to perform a series of dangerous tasks including violent attacks, self-harm, harming others, and suicide.
A Ponzi scheme ( / ˈpɒnzi /, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. [1] Named after Italian businessman Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that profits are derived from legitimate business ...
Rumble. Rumble is an online video platform, web hosting, and cloud services business [3] [4] headquartered in Toronto, Ontario, with its U.S. headquarters in Longboat Key, Florida. [5] [6] It was founded in 2013 by Chris Pavlovski, a Canadian technology entrepreneur. [7] Rumble's cloud services business hosts Truth Social, and the video ...
Michael M. Santiago. The price of Trump Media closed trading Friday down nearly 20% for the week. DJT shares, which dropped by more than 8% within the first hour of trading Friday, eked out a ...
The unsustainable exponential progression of a classic pyramid scheme in which every member is required to recruit six new people. To sustain the scheme, the 2.2 billion people in the 12th layer would be required to recruit 13.1 billion more people for the 13th layer, even though there are not nearly enough people in the world to achieve that.
Market trend. A market trend is a perceived tendency of the financial markets to move in a particular direction over time. [1] Analysts classify these trends as secular for long time-frames, primary for medium time-frames, and secondary for short time-frames. [2] Traders attempt to identify market trends using technical analysis, a framework ...
Sam Bankman-Fried. Samuel Benjamin Bankman-Fried [2] (born March 5, 1992), commonly known as SBF, [3] is an American entrepreneur who was convicted of fraud and related crimes in November 2023. Bankman-Fried founded the FTX cryptocurrency exchange and was celebrated as a "poster boy" for crypto. [4] At the peak of his net worth, he was ranked ...