India Ink: Ponzi Scheme Threatens ‘Clean’ Image of Mamata Banerjee
Ms. Banerjee, who has been projected as the “symbol of honesty” in West Bengal, is fighting hard to restore voters’ confidence.
India Ink: Collapse of Ponzi Scheme Spreads Panic in West Bengal
An estimated $5.5 billion rupees have been lost and over 3 million people have been affected in one of the biggest financial frauds in India.
China to Put Businesswoman to Death
A Chinese court sentenced a businesswoman to death after prosecutors accused her of running a Ponzi scheme that defrauded investors of about $70 million.
Toronto pastors charged with bilking church members of millions
The three pastors, a man and two women, face numerous charges for allegedly defrauding their congregants, family and friends out of $8.6 million in a Ponzi scheme.
Beyond The Bitcoin Bubble
A few months ago, while visiting a hacker friend's magnificent new San Francisco loft, he gestured to a little alcove stuffed with server racks and said: "And over there are the Bitcoin mines." I smiled and nodded, thinking, Oh, right, Bitcoin. Is that still a thing? Andy, if you're reading this, I apologize. Is it ever, and how. Over the last few weeks the hype around everyone's favorite distributed cryptographic currency has gone insane. It's a Ponzi scheme; no, it's the first instance of the third era of currency; no, it will spiral up and down forever; no, it's the new venture-capital frontier; no, it's an existential threat to the modern state. No, possibly, conceivably, maybe, and no. But: I realized this week that Bitcoin actually is a really big deal -- in a way that's been almost entirely obscured by all the hype.