Forbes dissects Ripple as an elaborate pump and dump scam

By Daniel Hindley

Forbes author and IT expert, Jason Bloomberg (JB) has dissected Ripple with situational evidence that proves the scamming nature of operations. In his in-depth analysis, the author has brought up various points that lead to the conclusion that Ripple foundation is playing in the grey area, if not black to create an elaborate scheme. Ripple’s business model in focus. Pump and dump? JB addresses the business model that Ripple uses as a pump and dump scheme since it tackles a lot of ways to elevate the ratings for XRP. Besides this, according to JB, Ripple has been using multiple techniques to hide these activities. Bloomberg points out the first sign of the fraud is that Ripple distinguishes itself from XRP, and says that the billions of tokens were give-off by an independent community and not by Ripple.

Read the entire article at https://www.cryptopolitan.com/forbes-dissects-ripple-as-an-elaborate-pump-and-dump-scam/

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