Gelfman Blueprint, Inc. Hedge-Fund (GBI) was accused of using the PonziPonzi
Modell Ponzi ist ein ökonomischer Finanzbegriff, der eine Art von Investionsabenteuer bezeichnet, die sogenannte "Investitionspyramide".Details scheme in the USA.
According to the Federal Court of New York, Gelfman Blueprint hedge-fund, Inc. (GBI) and its CEO, Nicholas Gelfman, paid more than $ 2.5 million to operate the Ponzi fraudulent scheme, according to an official announcement released October 18.
GBI is a New York based corporation and Bitcoin Foundation (BTC), registered in 2014. As indicated on the company's website, by the beginning of 2015, the corporation had 85 customer investors and 2,367 BTC.
The lawsuit is a continuation of the initial enforcement measures to combat investment scams in the United States. The Commodity Futures TradingTrading
– is an economic term that means the process of independent trade, independent analysis of the market and the conclusion of trade transactions.Details Commission (CFTC) filed a lawsuit against GBI back in September 2017. The CFTC accused GBI of using the Ponzi scheme from 2014 to 2016.
"Washington, DC. The Federal Court of New York has ordered New York Gelfman Blueprint, Inc. (GBI) and its Chief Executive Officer (CEO) Nicholas Gelfman from Brooklyn, New York, paid a total of more than $ 2.5 million in civil monetary fines involving Bitcoin (CFTC complaint 7614-17)." – Commodity Futures Trading Commission (CFTC).
As it is known, in 2014, GBI told investors that it developed a computer algorithm called "Jigsaw", which made it possible to make a significant profit through a commodity fund. But in practice the scheme was a fraud – Ponzi.
Ponzi Scam Type is an investment scam. The principle of work: the conviction of high rates of return and small risks. For the implementation of the scam used fabricated reports, made with the return of income for older investors with new money. Companies that participate in Ponzi Schemes work only to attract new investments without creating any legitimate product.
According to unconfirmed reports, GBI and Gelfman deceived investors by more than $ 600,000. Moreover, Nicholas Gelfman himself created a fake computer hack to hide real trading schemes. In the end, this led to the loss of almost all the funds invested by customers.
By decision of the court, GBI and Gelfman must pay more than $ 2.5 million in fines in civilian currency, as well as return some of the money to deceived investors.
Editor: Yuliya Soroka