Hours after reporting that Bitstream Circle had collapsed, I sought to figure out the faces behind the Ponzi Scheme.
Luckily, it seems they held in-person training sessions which have videos floating around.
Also Read: Is Order Grabbing Platform E-Ken a Scam?
What Is a Ponzi Scheme?
A Ponzi scheme is a fraudulent investing scam promising high returns with little risk to investors. A Ponzi scheme is a fraudulent investing scam that generates returns for earlier investors with money taken from later investors. They are based on using new investors’ funds to pay the earlier backers.
These schemes tend to eventually bottom out when this flood of new investors dries up and there isn’t enough money to go around. You can find a list of such companies here
