Carlo Ponzi was born in Italy in 1882 And he emigrated to the United States in 1903. He arrived attracted to the lights of North America, in full development and full of opportunities, but quickly plunged into poverty and frustration. He worked in several minor jobs and spent a time in prison for fraud before devising the scheme that would make him famous. A scheme that today resonates in the media around the world after the winding play in networks articulated by President Javier Milei.
The truth is that in 1919 Ponzi launched a company that promised investors a 50% profitability in 45 days or 100% in 90 days. What made the Ponzi proposal It was so attractive that he assured that these profits came from the purchase and sale of international response coupons, which were used to pay the frank in different countries. The reality was another: the yields for the first investors were paid with the money of the new investors, a bubble that, like every bubble, at some point exploded.
The pomp was punctured in 1920, when Ponzi was arrested, tried and convicted of fraud. The famous Italian spent several years in prison and was deported to his native country and died in 1949 in Rio de Janeiro.
There arose a fraudulent scheme that later transcended and, more than a century later, now connects to that native of Lugo, from the province of Ravenna, with Javier Milei, with offspring in Calabria, further south.
From Ponzi to Bernie Madoff
The Ponzi scheme promises great profits, superior to those of the market (such as the Crypt $ Libra), but then the money of investors is not allocated to genuine investments, but to pay other investors. An inevitable collapse (such as $ Libra, too).
Some celebrities who were convicted of using that system: 1) Bernard Madoffthe most recognized name associated with the Ponzi schemes in modern times. Its Ponzi scheme attracted large banks, beneficial organizations and thousands of investors, accumulating losses estimated at more than 65,000 million dollars when it collapsed in 2008. Madoff was sentenced to 150 years in prison, where he died in 2021. 2) Allen Stanforda financial one who promised his investors high yields through his bank’s deposit certificates in Antigua. Its scam accumulated more than 7,000 million dollars in losses for investors. Stanford was arrested in 2009 and sentenced to 110 years in prison in 2012. 3) Tom Petterswho was arrested for operating a Ponzi scheme that defrauded investors for more than 3.5 billion dollars. Their scheme was to falsify contracts and purchase orders to deceive investors making them believe that their money was being used to buy electronic products that would be sold with great benefits. Petters was sentenced to 50 years in prison.
On Friday night, far from Valentine’s Day, from a crypto platform they pointed to the scope: “Manual. ORN Rug Pull is an investment scam in cryptocurrencys in which creators or developers suddenly abandon the project or leave the scam, taking with them all the funds invested by users. ” While Martín Menem and Lilia Lemoine They inflated their chest to ensure that it was not a hack in the president’s account, from another platform they pointed out: “You look at the Solana blockchain, they have the tokens and three wallets concentrate more than 80% of the tokens, go up and down, it has all Paint what is technically called a ring rug. That is, it is a scam. ”
“It is a scandal is a scam and a technician on this subject knows that it is a scam, you cannot go out to profit from this. It seems embarrassing, ”said another connoisseur of the crypto world, while the first indignations of the political and economic arch arrived, with complaints included.
For specialists, the founders usually have between 10% and 15% of the total crypto, while in $ Libra they were 70%. The journalist Andrés Cánepa explained it to his networks: “When Milei advertised, $ Libra was 0.000001. After a while he reached 1 dollar and the Founders started selling. He played a roof at 5.2 dollars, and the Founder stopped selling. The Founders ‘bought’ at 0 dollars, and sold in transactions between 500 thousand and 3 million dollars. The total scam that experts calculate is a total of 70 to 100 million dollars. At this time $ Libra is at 0.21 cents and is on its way to 0 ”.
The domestic examples of pyramidal scams
In these pampas, the best known case was that of Leandro Cositorto. Coincidentally, days ago, the National Securities Commission (CNV) acquitted it (and also to Zoe generation Already the University of Trading) when considering that the capital market law was not violated. Anyway, the businessman is still imprisoned while the trial against him for scam and illicit association progresses.
Zoe generation was a company that offered a trust under the promise of obtaining a high percentage of dollars. Also proposed to its customers to buy a cryptocurrency called Zoe Cashwho assured that he was backed by gold.
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Although the company effectively carried out these operations, only from 2024 the CNV forces the entities that work with cryptocurrencies and digital assets to register in an official list. In addition to Cositorto, they are also charged with the Miguel Ángel Echegaray case, Maximiliano Javier Batista, Lucas Damián Camelino, Nicolás Ismael Medina and Javier Sebastián Medina
Meanwhile, in the last spring, the tranquility of San Pedro It was affected by pyramidal scams that perpetrated a “Chinese” citizen, or of eastern origin. The Rainbowex companyaccused of capturing funds illegally and operating under a fraudulent scheme, captured some 20,000 inhabitants of the Buenos Aires city. According to investigations, Rainbowex would have promised unattainable returns of up to 1% in dollars, attracting thousands of the area through social networks and Telegram groups.
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The suspects were identified as Luis Pardo and Martín Liberatithe first imprisoned in this case, after they were arrested in their respective homes after an request by prosecutor Matías Di Lello. The visible face of the promotion is also investigated, the woman known as “La China”, which in rigor is a dubbing actress from Indonesia.
This is Kristin N, a woman who not only is not an expert in investments or cryptocurrency, but has an online platform to offer different works in items such as performance, modeling and dubbing, among others.
Source: Ambito
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