It clearly is. Setting aside the fact that Andy back is a total scumbag who visited Epstein’s island and took the money… he is also running a Ponzi.

Adam Back Hid a Convicted Felon's Control of Billions, and It Sank His SPAC, Plus Greg Maxwell's Role

Adam Back won't answer questions about a convicted felon, the missing Bitcoin, or the 20% yields promised to investors. Behind the scenes look at w...

It clearly is! They buy bitcoin with new investor money and pretend it was mined. Ponzi