How the Ponzi scheme works, the maneuver the infamous ‘Tinder scammer’ used to rob victims of their love

Ten million dollars. That is the amount that the false millionaire simon leiev obtained from multiple women making them fall in love through Tinder and asking them to help them with money temporarily, because his onerous and exorbitant bills were being watched by his ‘enemies’ or the enemies of his family, since for a change he had pretended to be the son of one of the richest people on the planet.

That figure was raised between 2017 and 2019revealed a report by The Times of Israel, the country where Leviev (also known as Shimon Yehuda Hayut) is from. But the result of his scams we just met this year thanks to the netflix Documentary, The Tinder scammer.

‘I fell in love, I was excited and it took me $ 250,000’: Tinder, again in controversy

https://www.youtube.com/watch?v=_5aUV8ZaRMM

Beyond showing us the tricks of the romantic scammer, and how vulnerable these women felt in the search for love and their Prince Charming on the super popular dating application, the documentary also shows the practice of the widespread Ponzi scheme, a maneuver that Although old, unfortunately, it has not lost its validity.

The Ponzi scheme is named for Charles Ponzi, an Italian criminal who devised this trap in the first half of the 20th century. It is a chain of serial loans in which the scammer requests a loan from an ‘investor’, to whom he pays his debt with the money that his next victim has given him, repeating this action over and over again. That is why it is also known as pyramid schemebecause the new investors, the base, pay those at the top and so on.

Ponzi duped various people during the 1920s in the United States. Throughout his life, he was in jail at least three times, all of them for crimes related to fraud. Various journalistic archives record it as a quirky man who wore the best suits and moved in the most luxurious vehicles. It is a life similar to that shown on social networks by the prince of diamondssince Simon Leviev claimed that he was the heir to Lev Avnerovich Leviev, an Israeli businessman known as ‘The King of Diamonds’.

This is how the ‘Tinder scammer’, Simon Leviev, reacted to the Netflix documentary

For those who remember the documentary, you will have noticed that with what he borrowed from one of the girls, Leviev used it to finance his lavish lifestyle and thus surprise his next conquest. And to her, he asked her for money to amaze her next one. The ‘Tinder scammer’ had to maintain this rhythm of deception, because he had to sustain his charade of a millionaire man at all times.

The Ponzi scam is usually recognized when a person (natural or legal) presents a profitability too high and in too little time to prospective investors. That was the case with Leviev: by presenting himself as a person who lacked nothing, his payoff in his case was the unlimited luxuries he allowed himself along with his companions.

Seeing the situation of supposed solvency, people are convinced to invest or lend their capital. Just like what happened to Leviev’s conquests, who believed in his facade and handed over his savings and even borrowed money from banks as soon as he asked them, with the excuse that he was allegedly in danger.

This is the young Latina who dated the ‘Tinder scammer’ and did not fall for his tricks

Generally, in Ponzi fraud, interest on money deposited or borrowed are paid with the money invested by new customers. The embezzlement comes to light when the scammer stops paying his investors. Simon Leviev never paid a penny to his victims, even leading each of them to believe that he would return much more than they had lent him.

He is currently on the run and the women he has cheated on continue to pay back the loans they have taken out to help him. And according to the outcome of the well-known documentary, Simon Leviev meanwhile wanders the streets of Tel Aviv in a Ferrari (which he probably got with the funds from new cheats).

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