Stanford 20/20 was a Caribbean cricket tournament created by financier Allen Stanford that helped project the image of a powerful global banking empire while his company Stanford International Bank secretly operated a multibillion-dollar Ponzi scheme. Launched in Antigua in 2006, the competition transformed regional cricket overnight with unprecedented prize money, …
Read More »Investment scams disguised as high-tech startups: How to spot the red flags before it’s too late
The rise of Ponzi schemes cloaked as legitimate businesses In an age where artificial intelligence and self-driving technologies are dominating headlines, new investment opportunities flood social media, online forums, and private messaging apps daily. These so-called “ground-floor” offers often promise wealth, financial independence, and a chance to be part of …
Read More »How to detect and avoid crypto scams
Cryptocurrency continues to attract global attention, promising freedom from traditional finance and the potential for fast profits. But with this popularity comes a dark side: the rise of crypto scams that leave ordinary investors financially ruined. Trinidad and Tobago is no stranger to this, with the recent Trillions Systems Ltd …
Read More »$15 billion Onecoin Ponzi scheme: The story of the ‘Cryptoqueen’, Ruja Ignatova
Remember the meteoric rise of FTX and Sam Bankman-Fried, the seemingly invincible king of crypto, only to witness its spectacular collapse and SBF’s downfall? Brace yourself for another tale of audacity and deceit, this time involving the infamous “Cryptoqueen”, Ruja Ignatova, and her brainchild – the elaborate Ponzi scheme that …
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