Hot Topics :
feature 3

Lew’s Testimony on Debt Mirrors SEC’s Definition of Ponzi Scheme

When Treasury Secretary Jacob Lew testified in the Senate Finance Committee on Thursday, urging Congress to enact a new law allowing the administration to increase the federal debt, his description of how the Treasury handles that debt mirrored the Securities and Exchange Commission’s definition of a Ponzi Scheme.

“A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors,” says the Securities and Exchange Commission.

[Read more]

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to Veritas Updates

Get your daily dose of news & info from Veritas Updates

Sign up to Veritas Updates for FREE and receive our daily emails.

Veritas Updates – The Truth In News

In today’s world, you need a news source you can TRUST from the vantage point of the Deplorables. Real Americans with Real and Unfiltered thoughts and opinions. Join the over 500,000 Americans who receive our daily dose of NEWS THEY CAN TRUST delivered right to your inbox. Sign up to receive nothing but the TRUTH IN NEWS from Veritas Updates.

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.