A Ponzi scheme for the modern era
4 Hrs Ago
In this August 2020 file photo, a sign attached to a pole on the Brian Lara Promenade, Port of Spain, promises easy money while you relax at home. - SUREASH CHOLAI
MATT WARNER, journalist
November 2020 was the 100-year anniversary of the imprisonment of Charles Ponzi – infamous creator of the fraudulent scheme to which he gave his name. Exactly a century later, Gutemberg Dos Santos, founder of AirBit Club, a cryptocurrency mining and trading company, was charged in the US with various offences relating to an alleged international investment scam , which, as described by the prosecutor, has all the hallmarks of a Ponzi scheme.