What is a ‘ponzi scheme’ and does Social Security fit the definition? Elon Musk’s claims, explored
If there’s one thing Elon Musk loves more than disrupting industries, it’s disrupting facts. During his recent appearance on Joe Rogan’s podcast, the White House adviser declared Social Security to be “the biggest Ponzi scheme of all time.
What Elon Musk said about fixing Social Security amid claims Trump administration is 'gutting it'
The White House is trying to calm concerns about the future of Social Security amid Elon Musk's latest comments and critics warning the Trump administration is 'gutting it.'
Elon Musk’s paranoid conspiracy theory about Social Security, explained
Pinned to the top of Elon Musk’s X account is a six-minute clip of his recent three-hour interview with the podcaster Joe Rogan.
Elon Musk claims ‘massive' Social Security fraud. How much money is actually lost to fraud, waste?
An April 2024 government report said that there could be $233 billion to $521 billion in fraud annually across the federal government, not just mandatory programs including Social Security. Government reports have suggested ways for the Social Security Administration to reduce fraud,
Maddow Blog | White House’s Elon Musk suggests Social Security could face cuts
After labeling Social Security “a Ponzi scheme,” Elon Musk’s offensive against the social-insurance program took another aggressive turn.
Elon Musk Reverses Course on Social Security Phone Service Restrictions
Elon Musk has reversed course on an alleged plan to limit phone access to the Social Security Administration (SSA) after facing widespread criticism from lawmakers and the public. The reported move, which would have required millions of elderly and disabled Americans to manage their benefits online or in person,
Pillow talk: Lovers ran a Ponzi scheme, hiding cash so the man’s wife wouldn’t know
Rather than strength, stamina and speed, the traits of this office Wonder Woman were convincing investors to put their life ...
technext24.com1d
Crowdyvest, Farmforte among 58 companies blacklisted by EFCC as Ponzi schemes
Ponzi schemes are forms of fraud that lure investors and pay profits to earlier investors with funds from more recent ...
Treasure Coast Newspapers21d
Ponzi schemes, pig-butchering scams, more: How to protect yourself from crypto scams
A Stuart man was ordered Feb. 4 to pay more than $1.1 million for being the "master trader" of a fraudulent $100 million cryptocurrency Ponzi scheme, court records show. Joshua Nicholas ...
Forbes9d
The IRS Theft-Loss, Ponzi-Scheme Safe Harbor—Does It Still Apply?
Prior to the TCJA, taxpayers could claim theft losses if they satisfied three primary requirements. First, they had to show the occurrence of a theft under federal, state, or local law. Second ...
USA Today11d
Elon Musk calls Social Security a 'Ponzi scheme,' sparking Dem concerns over key benefit
WASHINGTON − Elon Musk sharply criticized Social Security in a Friday podcast interview with Joe Rogan, labeling the critical elder benefits program a "Ponzi scheme." Musk, who is the world's ...