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The Coz
Tempus Fugitive
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This 'Cryptoqueen' scammed investors out of $4 billion, the FBI says. Then she boarded a plane and disappeared

https://www.cnn.com/2023/01/22/business/ruja-ignatova-cryptoqueen-fbi-most-wanted-cec/index.html

Quote :
"Authorities say OneCoin was a pyramid scheme that defrauded people out of more than $4 billion as Ignatova convinced investors in the US and around the globe to throw fistfuls of cash at her company. Federal prosecutors describe OneCoin as one of the largest international fraud schemes ever perpetrated.
. . .
'In fact, OneCoins were entirely worthless … (Their) lies were designed with one goal, to get everyday people all over the world to part with their hard-earned money.'"

LOLOLOL!

1/22/2023 6:07:15 AM

The Coz
Tempus Fugitive
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Warren Buffett calls bitcoin a 'gambling token' with no intrinsic value

https://markets.businessinsider.com/news/currencies/warren-buffett-bitcoin-gambling-token-crypto-market-outlook-berkshire-hathaway-2023-4?amp

Quote :
"The Berkshire Hathaway chairman and CEO ratcheted up his fiery crypto commentary, describing investing in digital assets as akin to spending time at a casino.

"It doesn't have any value, but that doesn't stop people from wanting to play a roulette wheel," the 92 year old told CNBC in an interview.

. . .

"[You could] spend the rest of your life spinning around the roulette wheel because they feature the winners and people get excited about it," Buffett said. "[But] that's why the slot machines make a lot of noise without paying out."

People have an instinct to gamble, Buffett says, which causes investors to flock to crypto. He said allocating to the asset class simply "eats up your money.""

4/23/2023 8:50:33 AM

HaLo
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SBF fucked around and found out

8/12/2023 12:33:51 AM

HaLo
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Guilty fucker

11/2/2023 8:13:15 PM

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