The NBH Finance Ponzi scheme has collapsed.
In doing so, the scammers behind it have pulled a slightly weird inventory trade exit-scam.
A communication posted on NBH Finance’s web site advises the corporate has “not been capable of repay the invested for therefore lengthy.”
You see, within the world economic system and cryptocurrency, the bitcoin worth drop is the place we undergo essentially the most.
We’re unable to make funds because the BTC worth has not elevated for the final 3 months.
That’s your typical MLM Ponzi collapse bullshit however the final sentence of the communication is of curiosity:
If essential, you possibly can verify the present NBH share worth at www.nyseamerican: NBH.
That’s clearly not an precise internet handle. Quite it’s the ticker code for Neuberger Berman Municipal Fund Inc, an organization that has completely nothing to do with NBH Finance.
When precisely NBH Finance collapsed I can’t say for positive. Advertising spam for the Ponzi scheme seems to have dried up round September 2022.
What I can inform you is the collapse was preceded by one other bullshit “hackers!” ruse final July:
NBH Finance was a easy 200% ROI Ponzi scheme launched in late 2021.
The rip-off appeared to have ties to Karatbars Worldwide, through advertising materials put collectively by “Anton” From Karatbars.
Whether or not that’s an precise tie-in although or simply an edited copy/paste doc stays unclear.
In any occasion, pending the unlikely occasion authorities observe up on NBH Finance, whole sufferer numbers and the way a lot they collective misplaced is unknown.