Building A Fraud Case Against Ripple

Ripple Labs is fighting a legal battle to prevent XRP being labeled as a security, trying to dodge the long arm of securities law. If it were to fail, Ripple would become a poster child for securities fraud class action lawsuits. However, lawyers could get Ripple’s ass served to them even without resorting to securities […]

Ripple’s Public Relations Tricks

XRP, the coin that Ripple Labs created and then gave to itself (and its founders), posted spectacular returns in 2017, going from $0.006 to over $2. The coin rose in parallel with an aggressive PR campaign from Ripple Labs. Let’s see what were the claims that they made throughout the year, and compare them to […]

Ripple’s Nostro / Vostro Trick

Ripple claims that banks will use its technology to perform fast cross-border transfers. When that comes, they will need to buy XRP coins, and that’s why XRP coins are valuable. In reality, Ripple doesn’t stand a chance, and it must know it. It’s argument that XRP coins are worth anything at all, is a flat-out […]

David Schwartz: Ripple’s Odd Chief Swindler

In September last year, shortly after David Schwartz became Ripple Labs’ CTO, Forbes ran a flattering piece about him, titled “Ripple’s Trillion-Dollar Man”. A transparent attempt at promoting Ripple, XRP, and David Schwartz himself, this article gave un a rare insight into David’s story, and involvement in Ripple.

How Ripple Is Screwing XRP Bagholders

Ripple the company’s existence evolves around denying that it has anything to do with Ripple the coin. It’s obvious that they are inextricably linked, first because they are both called “Ripple”, and then because Ripple the company owns the majority of Ripple coins. However, their whole business model is dependent on XRP, the Ripple coin, […]

Ripple’s Lie About Its Santander Partnership

I got a lot of heat for my last piece, “Ripple’s “200+ Institutional Clients” Claim Is A Scam“. Scores of Ripple fanboys and Twitter bots accused me of cherry-picking the noise, and ignoring the legitimate heavyweights in Ripple’s long list of clients. Well, let’s look into the true nature Ripple’s most impressive “partnership”: the international […]

Ripple’s “200+ Institutional Clients” Claim Is A Scam

Ripple is scraping the bottom of the barrel, trying to make it look like someone is using its “technology”. Its “partnerships” are nothing but non-binding promises of maybe one day have a look at its platform, and the “financial institutions” that supposedly use Ripple are just one-page websites without a product.