Krutika Adani
Jonathan and Tanner Adam, brothers were apprehended by the SEC after they defrauded 80 customers.
The brothers scammed a net of $60 million from these unsuspecting users defrauding them through a promise of higher return rates.
The SEC has now seized their assets as well as their companies, GCZ Global, LLC and Triten Financial Group LLC.
A Ponzi Scheme is a scam where funds from incoming users are routed to pay outgoing customers. It works fine as long as more customers keep coming in.
It is always safer to research about the project before investing. No real project can promise return rates higher than the markets.