ponzi schemes

Tesla and SpaceX CEO Elon Musk took aim at Social Security on Monday, calling it the “Biggest Ponzi scheme ever.” Social Security provides retirement income and helps millions of Americans qualify for Medicare. What Happened: Musk was replying to a...

The U.S. government's significant accumulation of Bitcoin (CRYPTO: BTC), currently valued at $8.3 billion, has raised concerns about potential market impacts if these holdings were to be liquidated. Over the last two years, U.S. authorities have seized 207,189 Bitcoin through operations...

Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened? On Jan. 25, 1997, a series of huge Ponzi schemes in Albania simultaneously collapsed. Where Was The Market? The S&P 500 was trading at 765.02 and the Dow Jones Industrial...