Tag: Ponzi
CFTC Accuses Ohio Man of Running $12M Bitcoin Ponzi Scheme
In addition to ordering Giri to cease all activities related to the fraud, the CFTC wants him to disgorge or give up any monetary benefits "directly o [...]
SEC Slaps Founders, Promoters of Alleged Ponzi Scheme Forsage With Fraud Charges
Each of the “Crypto Crusaders” – Sarah Theissen, Carlos Martinez, Ronald Deering, Cheri Beth Bowen, and Alisha Shepperd – have been charged with fraud [...]
First Mover Asia: Binance Deserves Some Criticisms, but It’s Not a ‘Ponzi Scheme’; Bitcoin Tumbles
Binance CEO Changpeng Zhao has a reasonable point in his lawsuit claiming defamation from a translated Chinese language article title; ether falls.
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Looking at the Claims Celsius Operated Like a Ponzi
“Faced with a liquidity crisis, Celsius began to offer double-digit interest rates in order to lure new depositors, whose funds were used to repay ear [...]
Research Firm FSInsight Accuses Three Arrows Capital of Running a ‘Madoff-Style Ponzi Scheme’
Madoff in this scenario would be the founders of 3AC, Su Zhu and Kyle Davies, who used their reputation to “recklessly borrow from just about every in [...]
China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’
Amid the Chinese government continuing to celebrate the massive decline of cryptocurrency markets this year, one key local blockchain expert has refer [...]
CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme
Officials with the Commodity Futures Trading Commission (CFTC) allege Sam Ikkurty (also known as Sreenivas I Rao), of Portland, Oregon, and Ravishank [...]
Terra ecosystem collapses, Sam Bankman-Fried buys Robinhood stock, and crypto trader receives jail sentence for a ponzi scheme: Hodler’s Digest, May 8-14
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, ado [...]
Jury Finds Sarasota Man Guilty Of Running $80 Million “Oasis” Forex Ponzi Scheme | USAO-MDFL
Tampa, Florida –United States Attorney Roger B. Handberg announces that following a 13-day trial, a federal jury has found Michael J. DaCorta (57, Sar [...]
Crypto ‘driven by greed’ and ‘similar to Ponzi scheme’, according to financial figures
Cryptocurrencies are only growing due to greed and are not much more than digital Ponzi schemes, according to a European Central Bank (ECB) policyma [...]
ECB's Panetta Blasts Crypto as ‘Ponzi Scheme’ Fueled by Greed
The central banker compared crypto market dynamics to the 2008 financial crisis and called for extra regulation and taxes.
www.coindesk.com [...]
Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in $722M Ponzi Scheme
The scheme ran from April 2014 to December 2019, when three of the BitClub leaders were arrested and charged with fraud and the sale of unregistered s [...]
How a Ponzi victim became a crypto evangelist
Losing money to a Ponzi scam is not the ideal introduction to the crypto ecosystem. Thankfully, Mark Dave Manansala gave crypto and blockchain a secon [...]
CFTC Brings Charges Against 4 Alleged Operators of $44M Bitcoin Ponzi Scheme
Before giving up on Ecoinplus, however, the CFTC alleges that Golden and Patel found a new business partner in Aggeson, a New York entrepreneur, and a [...]
BitConnect Founder Indicted in $2.4B Ponzi Scheme Has Disappeared
Attorneys said efforts to locate the convicted founder could remain unfruitful.
www.coindesk.com [...]