Donald Trump Jr’s Gold Company: Birch Gold Group...

Who Is Laith Alsarraf? – Founder & CEO of Birch Gold Group.

A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Ponzi scheme organizers often promise to invest your money and generate high returns with little or no risk. But in many Ponzi schemes, the fraudsters do not invest the money.

Birch Gold was founded in Los Angeles in 2003 by Iraqi-born Laith Paul Alsarraf. The company occupies offices in Burbank, across the street from Warner Brothers’ studio.

For the last several years, prominent conservatives including Dr. Ron Paul, Steve Bannon, and Ben Shapiro, have been promoting gold and gold-backed assets to their audiences. One company in particular, Birch Gold Group, has earned prominent public endorsements from all of these figures, with each of them participating in various cross-marketing activities.

Birch Gold is one of a number of smaller outlets pushing precious metals to conservative audiences. Where large, established firms like State Street offer “GLD,” a gold-backed exchange-traded fund (ETF) which is among the largest such funds in the world, Birch offers “physical gold” in the form of coins and other gold-based products.

Gold retailers woo Trump fans with appeals to MAGA-fueled angst..

One line of products called “goldbacks” resemble laminated 19th century banknotes, each themed around Nevada, New Hampshire, Utah, and Wyoming. The company’s website claims that they contain “micro-thin layers of 24 karat gold protected by layers of durable polymer.” Another Birch-affiliated company, BitIRA, offers Bitcoin-backed IRA products to similar audiences.

The Ponzi Schemer.

#daddysfallguy

For some reason, this guy you just met at a party has suddenly taken a liking to you. To him, you seem sharp and able to recognize a gold mine when you see it. He only offers this tip to his closest friends, but he's willing to make an exception for you. He says if you get in on this opportunity now, you'll be an early investor in the next big thing. Not only that, it's fail-safe and will return your investment in no time. If you're skeptical, why not ask your friends at the party -- they invested last month and have already seen returns. You do ask them, and it's true. So why not hand over a few thousand dollars before it's too late? Despite what your trustworthy friends say, it's better to walk away. This guy is probably selling a Ponzi scheme.

Unfortunately, not all financial schemes look the same, which makes it hard to spot one when you're victimized. In true Darwinian style, clever scammers are able to thrive by consistently adapting and evolving their schemes to come up with new ways to con others out of their life savings. The Ponzi scheme is just one type of con. And, although it's based on a classic formula, the idea can be applied in countless ways to deceive unsuspecting victims.

Ponzi schemes pop up frequently, though not all of them are big enough to make headlines. But every few years, a news story comes out telling how authorities have exposed an extensive and long-running Ponzi scheme. Two such exposed schemes (one that broke in 2006 and the other in 2008) were each reportedly bigger than any before them. Bernard Madoff, who orchestrated the most massive Ponzi scheme to date, conned about $65 billion from investors who came from all walks of life.

Why is the scheme so effective? And how is it that your victimized friends in the earlier example actually did make some money? We'll examine the formula behind a Ponzi scheme as well as the recent instances that have popped up in the news. But first, let's take a look at Charles Ponzi, the notorious schemer whose name became so synonymous with the scam that it now bears his name.

What is 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. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses, instead of engaging in any legitimate investment activity.

The ruse is named after Charles Ponzi, a 1920s crook who promised investors in New England a 40pc return on their investment in just 90 days, compared with 5pc in a savings account.

Ponzi had planned to make money by taking advantage of the difference in exchange rates between the dollar and other currencies to buy and sell international mail coupons at a profit.

Why do Ponzi schemes collapse?

With little or no legitimate earnings, the schemes require a consistent flow of money from new investors to continue. Ponzi schemes tend to collapse when it becomes difficult to recruit new investors or when a large number of investors ask to cash out.

How did Ponzi schemes get their name?

The schemes are named after Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s. At a time when the annual interest rate for bank accounts was five percent, Ponzi promised investors that he could provide a 50% return in just 90 days. Ponzi initially bought a small number of international mail coupons in support of his scheme, but quickly switched to using incoming funds to pay off earlier investors.

His scheme was an amazing success, and by May 1920, he had made $420,000 ($5.13 million in 2017 money). By June 1920, people had invested $2.5 million in Ponzi's scheme and by July, he was raking in a million dollars per week and rising. By the end of July, he was approaching a million dollars per day. When the house of cards inevitably collapsed, it turned out he had only ever purchased about $30 worth of the mail coupons on which the scheme was based.

Who is Bernie Madoff?

https://calert.info/details.php?id=1534

https://www.visualcapitalist.com/biggest-ponzi-schemes-in-modern-history/

Donald Trump Jr’s Gold Company: Birch Gold Group...

Listen to a broadcast on a right-leaning network or podcast, scroll through Donald Trump’s Truth Social feed or attend a convention with conservatives, and chances are you’ll hear a pitch to buy gold.

Birch Gold Group is proud to have received the endorsement of Donald Trump Junior, trustee and executive vice president of The Trump Organization and host of Triggered (which airs exclusively on Rumble). Don Jr. is a figure synonymous with success across diverse sectors from luxury real estate and high-stakes development to international deal-making and political fund-raising.

Billionaires understand the importance of diversifying with gold. In partnership with Birch Gold Group, Donald Trump Jr. emphasizes the critical nature of diversifying your savings, no matter how many digits in your net worth. That’s why the truly wealthy, from Steve Forbes to Ray Dalio, John Paulson to Naguib Sawiris, recognize the benefits of diversifying their assets with physical gold and silver.

Donald Trump Jr. is more than a successful businessman – he's a testament to American opportunity. From his early days as a bartender living out of his truck in Colorado to negotiating billion-dollar deals around the world, Don Jr.'s journey is one of relentless ambition and success. His wealth of education and hands-on experience, especially working closely with his father in his roles as President of The Trump Organization and President of the United States, have equipped him with a unique perspective on economic trends and personal financial responsibility.

Like his books and his podcast, this collaboration with Birch Gold Group aims to educate and empower Americans with the knowledge they need to make the right choices...

"To me, Don Jr. represents a microcosm of the U.S." said Phillip Patrick, Senior Precious Metals Specialist at Birch Gold.

#THEBEGGAROFBABYLON..