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If someone setup a Ponzi scheme and and disclose to everyone that it is a Ponzi scheme, and people still put money in it, is it illegal?

There's a thin line between Social Security and Ponzi scheme and I'm not sure where this one lands.

Also, was Do Kwon's intentions malicious? Does it matter?

> If someone setup a Ponzi scheme and and disclose to everyone that it is a Ponzi scheme, and people still put money in it, is it illegal?

Yes

> There's a thin line between Social Security and Ponzi scheme and I'm not sure where this one lands.

Social security is backed by the full faith and credit of the united states government, do kwon's was not

> Also, was Do Kwon's intentions malicious? Does it matter?

He set up a ponzi scheme, and no.

> full faith and credit of the united states government

the dollar is backed by thoughts and prayers, yes (and also the violence that can be delivered by the US military)

Yup. Sorry buddy, a government has more authority to set up these kinds of systems than a joe rando crypto bro.