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Does anyone know more about this story? Could he have gotten away with this if he were in a country with less regulations? Was part of the pitch that he was fro
by MichaelApproved 12y ago
Does anyone know more about this story? Could he have gotten away with this if he were in a country with less regulations? Was part of the pitch that he was from the US or was that irrelevant to his investors?
- justincormack 12y agoYou can rarely get away with Ponzi schemes. For an example of a less regulated country, check out the Albanian schemes [1] which reached 50% of GDP and then led to rioting, civil war, the fall of the government. [1] http://www.imf.org/external/pubs/ft/fandd/2000/03/jarvis.htm http://www.imf.org/external/pubs/ft/fandd/2000/03/jarvis.htm
- ddorian43 12y agoBut they ~got away with it.
- pdq 12y agoHere's the entire historical thread from pirateat40 on bitcointalk.org. Note the first post was updated later on to indicate he closed it, but the rest of the thread is archived. https://bitcointalk.org/index.php?topic=50822.0 https://bitcointalk.org/index.php?topic=50822.0