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Tag: Cash Flow Bot

Pyramid Scheme or Ponzi Scheme

Doug Cornelius April 15, 2015 Ponzi Schemes   [+]

The Securities and Exchange Commission brought charges against James Evans for engaging in a “Ponzi scheme.” The names of his scheme caught my eye: Cash Flow Bot and Dollar Monster. After digging around, I was puzzled as to what to call the scheme. A Ponzi scheme purports to be a real investment opportunity, but payouts … Read more »

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