- This topic is empty.
-
Topic
-
The Elaborate Ponzi Scheme That Took Millions
A few months ago, I came across a crypto investment platform called Infinity Wealth Fund. It promised investors steady returns of 10-15% per month, and they claimed to use proprietary AI trading algorithms to generate profits. The website had everything—a professional design, customer testimonials, and even a live dashboard showing ongoing profits.The real kicker? It had celebrity endorsements. They featured videos of well-known crypto influencers praising the fund, and even a promotional clip of a well-known entrepreneur discussing their partnership.
I started with $1,000, just to test the waters. Within a month, my account balance had grown to $1,300, and I was able to withdraw my profits successfully. Convinced that it was real, I invested $25,000.
Then, without warning, the withdrawal function was disabled. The company released a statement saying that they were “temporarily restructuring due to market fluctuations.” Within days, the website was gone, the social media pages deleted, and the so-called celebrity endorsements were exposed as deepfake AI-generated videos.
It had been a classic Ponzi scheme, where they paid early investors with money from new victims before vanishing with millions.