Tag: Ponzi
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The caveat is that staked assets can't be withdrawn until the Blast bridge goes live in February.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 [...]
Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme
Marco Ruiz Ochoa pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District Court of New York on Sept. 27 in relation to [...]
AirBit Club ‘ponzi’ co-founder gets 12 years prison
The co-founder of AirBit Club — a cryptocurrency pyramid scheme that swindled investors of over $100 million — has been sentenced to 12 years in pris [...]
Ponzi vs. pyramid schemes: What’s the difference?
A pyramid scheme is a dishonest investment plan that lures people with claims of large profits, usually by recruiting new participants. Ind [...]
Victims want Morgan Stanley to answer for Ponzi scheme
A former Morgan Stanley financial advisor has been sentenced to more than seven years in prison after admitting he ran a $7 million Ponzi scheme at th [...]
$7.8B lost in crypto ponzi and pyramid schemes in 2022: Report
According to a report published by blockchain intelligence firm TRM Labs on June 28, a combined $7.8 billion was paid to cryptocurrency pyramid and Po [...]
Crypto Ponzi Schemes Cost Victims $7.8B in 2022: TRM Labs
Ponzi schemes dominated the crypto crime landscape in 2022, with $7.8 billion funneled from victims, blockchain analytics firm said in a new report.
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Stop Digital Assets And Forex Ponzi Schemes
Today, the Commodity Futures Trading Commission (CFTC or Commission) filed a Complaint in the U.S. District Court for the Northern District of Califor [...]