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Is it Legal to Run a Ponzi Scheme if You Disclose What You are Doing

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  • 01-11-2015, 08:13 PM
    BryonJ
    Is it Legal to Run a Ponzi Scheme if You Disclose What You are Doing
    We are talking about a New Crypto-Currency Known as Paycoin Exchange Tag is XPY Its Kind of like Bit coin But has its own set of features

    So recently there has been alot of hype / Attention to websites that are running scams, I understand that these are usually run from out of the country where there are no laws or jurisdiction to regulate However the amount of money that has been dumped and distributed is Absolutely Disturbing. We are talking over 5 million in 3 weeks Everyone knows one day they will stop and run with the money. The question is only when. These are known Ponzi Scheme's but Reality here most are treating it like a double or nothing bet Rather then a scam. This Validates that people Will Throw Money at a Ponzi Scheme

    This gets me thinking. Im from the US there are laws that prevent me from operating such.... But do those same rules Apply if I am transparent and inform Investors Exactly how Payouts are made & They agree to the terms. The Image Below Is a Screenshot Of my description of service to customers which Essentially explains that it is a Ponzi Payouts are dependent on New Deposits.

    http://s21.postimg.org/swjhjkr4z/New_Bitmap_Image.jpg

    How can I run such Legally From The US and Protect myself.
  • 01-11-2015, 09:02 PM
    Disagreeable
    Re: Legal to Operate a Transparent Ponzi
    You and 50 other people that already have a currency already on the market. It will not fly in the US.
  • 01-11-2015, 10:12 PM
    Taxing Matters
    Re: Legal to Operate a Transparent Ponzi
    Quote:

    Quoting BryonJ
    View Post
    This gets me thinking. Im from the US there are laws that prevent me from operating such.... But do those same rules Apply if I am transparent and inform Investors Exactly how Payouts are made & They agree to the terms. The Image Below Is a Screenshot Of my description of service to customers which Essentially explains that it is a Ponzi Payouts are dependent on New Deposits.

    It’s still a ponzi scheme and it's illegal in the U.S. Doesn’t matter how you dress it up.
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