Tag: Ponzi
U.S. SEC Charges Two Brothers in $60M Ponzi Scam Using a Crypto Platform
The U.S. Securities and Exchange Commission (SEC) has charged brothers Jonathan and Tanner Adam of attempting to defraud more than 80 investors with a [...]
OmegaPro Co-Founder Arrested in Turkey on Suspicion of $4B Ponzi Scheme: Reports
The firm said it invested in cryptocurrency and forex, and reportedly collapsed in 2022.
www.coindesk.com [...]
Long-Dormant Wallets Tied to $2B PlusToken China Ponzi Moves 2.8K Ether
In November 2020, Chinese authorities seized almost $4 billion worth of various tokens, including ETH, bitcoin (BTC), dogecoin (DOGE), xrp (XRP), amon [...]
2 Promoters of Forcount Crypto Ponzi Scheme Plead Guilty to Wire Fraud Conspiracy
Prosecutors say Nunez, a Spanish citizen, was paid to present himself as the CEO of the Forcount scheme, using the alias “Salvador Molina.” The real r [...]
CFTC secures Court order against Sam Ikkurty, Jafia, Ikkurty Capital in Ponzi scheme case
The Commodity Futures Trading Commission (CFTC) today announced Judge Mary Rowland of the Illinois Northern District Court entered an orde [...]
Florida Man Pleads Guilty to Wire Fraud Conspiracy Tied to Forcount Crypto Ponzi
Juan Tacuri, 46, of Florida, pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District of New York (SDNY), a charge whic [...]
Canada’s ‘Crypto King’ and Associate Arrested, Charged With Fraud in Alleged $30M Ponzi Scheme
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD – [...]
OneCoin Compliance Chief Sentenced to 4 Years in Prison for Role in $4B Ponzi Scheme
OneCoin’s co-founders, Bulgarian national Ruja Ignatova and joint U.K. and Swedish citizen Karl Greenwood, promoted the fictitious cryptocurrency – wh [...]
A $300M Ponzi Scheme That Targeted Latinos Falsely Claimed to Buy Crypto, SEC Says
"The only thing that CryptoFX guaranteed was a trail of thousands upon thousands of victims stretching across 10 states and two foreign countries," he [...]
Ponzi scheme and forex trading scam: ED initiates attachment of assets worth Rs 37.5 cr of mastermind Vinod Khute | Mumbai News
The Enforcement Directorate (ED) has initiated provisionally attaching overseas assets worth Rs 37.5 crore of Dubai-based businessman Vinod Khute, own [...]
When Is a Ponzi a Ponzi?
Obviously, nothing was built with the money that was raked in from around the world. What’s interesting, when considering how Lee and Chunga reportedl [...]
HyperVerse's Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO
HyperVerse was a nearly $2 billion fraudulent crypto investment scheme with a fake CEO at its helm, the U.S. Securities and Exchange Commission (SEC) [...]
Blast, Latest to Ethereum’s Layer-2 Parade, Stands Out From Rivals – in Hype
Aside from the garishness of it all, there's been criticism of what some commentators describe as a potentially risky setup, where depositors are esse [...]
Is Ethereum Layer 2 Blast a Ponzi Scheme?
The caveat is that staked assets can't be withdrawn until the Blast bridge goes live in February. In the meantime, users receive "Blast points," which [...]
R180 million Ponzi Scheme: Investors' money used to buy forex … – IOL
R180 million Ponzi Scheme: Investors' money used to buy forex ... IOL
www.iol.co.za [...]