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I was astonished to hear from a few people who have recently purchased contracts from Genesis in the past few days. This news confirms my thesis that Genesis Mining has unwittingly become a ponzi/pyramid scheme.

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Madoff Ponzi Scheme, Five Years Later. Five years after Bernie Madoff was arrested in the largest Ponzi scheme ever, a look at the recovery efforts, regulatory changes and criminal investigations...

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Promise of Gold Mines' Riches Exposed as Ponzi Scheme Fraud ...

WASHINGTON (Sputnik) — Operators of a Ponzi scheme falsely claiming to operate wealthy gold mines in Brazil and Africa face fraud charges and an asset freeze, the US Securities and Exchange Commission (SEC) said in a press release.

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