Bitcoin Scams, Fraud, Con Artists and Shams

Cryptocurrency Pyramid Schemes and Ponzi Schemes | Blog Video

Compare honest, straightforward pyramid schemes (where everyone knows what is going on) to illegal, covert ponzi schemes, total fraud in which criminals use money from new investors to pay existing ones. Bitcoin itself is neither a pyramid nor a ponzi scheme because Bitcoin is a legitimate payment technology that does not make money from the owner finding suckers. Bitcoin gains from increase in value like stocks and gold do. Bitcoin simply outperforms all other investments based on 11 years of data.

I’ve personally mined Bitcoin and other cryptocurrencies, and paid mining hosting companies – both very profitably. On a good roll, it takes about a month to a year or more to turn $500 into $10,000 with Bitcoin. So, when a Facebook friend comes along and claims to do it in a day, that is a huge red flag. Based on my experience in helping to jail con artists, fraudsters and scammers, I would not give one dollar to someone who operates in this fashion. The methodology very much resembles a ponzi scheme.

I am considering joining another facebook friend, a closer friend who is also a real estate client. He is doing something that looks a bit more like a more legitimate pyramid type of scheme, which is under investigation by the SEC, but no charges have been filed. I might give that a try because it helps people to learn ethereum. Learning ethereum (the second most popular cryptocurrency) is a potentially simple, yet very smart undertaking. I’ll let you know how that goes.

Millions of Americans remain unemployed as a result of the virus hysteria, crippling finances for many households.

Americans lose more money on investment scams than any other type of income fraud, according to FTC analysis. Individuals report a median loss of more than $16,000, according to CNBC.

Avoid real estate scams and fraud. Get a free report on lawsuits and litigation involving Downtown Los Angeles loft and condos. Fill out the online form:

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Pan American Penthouse Panic

253 S Broadway #509 #panamerican #building #dtla | Blog Video

The L.A. Loft Blog has received word that this Pan American penthouse has generated some interest from buyers. One prospective owner asked about any possibility of lawsuits or other issues common to Downtown Los Angeles properties. Located at the North West Corner of 3rd and Broadway, the 1897 built luxury office building, converted to historic live/work lofts is topped by an exquisite tri-level residence with Beaux Arts elements. The unique corner layout with private rooftop deck features original exposed columns, brick walls, soaring 17-foot ceilings and large oversized windows with abundant natural light and up-close views of the Downtown skyline, City Hall, & Frank Gehrey Grand Ave Project. The luxury unit has been upgraded with high-end kitchen and bathroom.

A dramatic penthouse loft can certainly instill fear of missing out. Panic buying can be quite understandable when the beauty and grandeur of the residence takes your breath away. Get a good deal on an amazing property with outstanding character by taking advantage of the $100,000 savings guarantee Black Friday Real Estate Sale ongoing until December 31, 2020.

Most properties in DTLA have been affected by sprawling homeless encampments, increased crime, recent virus panic, shortages, riots, looting, boarded up buildings, damaged businesses, confusing curfews and stay-at-home orders, among significantly falling home values. These complications can present increased risks, with corresponding opportunities for would-be buyers, residents, landlords and investors.

The property benefits financially from Mills Act property tax savings. One question that we’ve received has been about any potential lawsuits, litigation or other issues around the building. Prospective loft buyers can avoid potential disasters by getting all of the information that may affect the value of a Downtown loft condominium building before taking the time to tour any condo unit. Take advantage of free resources to investigate often litigious Downtown loft conversion buildings. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

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SEARCH LOFTS FOR SALE Affordable | PopularLuxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Realty Source Inc, BRE 01889449, MPR Funding Inc NMLS 2000513. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LAcondoInfo.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.