Post
Topic
Board Lending
Re: Bryan Micon's List of BTC Ponzi Schemes that should not be listed as "Lending"
by
JoelKatz
on 30/07/2012, 08:29:54 UTC
Majority of people have made money of it already and cannot lose anymore, since everything else is actually not their money anymore.
It doesn't work that way. If a fraudster gives you another investor's money, you don't get to keep it. Every dollar you withdraw is a liability. False profits can be clawed back to repay current "investors". Fraudulent transfers can be undone.

http://www.boston.com/business/articles/2010/12/18/picower_estate_adds_72b_to_madoff_fund/
http://utahsecuritiesfraud.com/2010/08/02/clawback-lawsuits-how-investing-in-a-ponzi-scheme-can-bite-you-twice/

If you received payments from a Ponzi scheme, your interest payments were not in fact interest payments. They were fraudulent transfers of other people's deposits.