Tag: pyramid
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 [...]
Karl Greenwood, Co-Founder of OneCoin Pyramid Scheme, Sentenced to 20 Years in Prison, $300M Forfeiture
OneCoin began in Bulgaria in 2014, branding itself as a cryptocurrency and telling investors that the token could be mined and had real value. In real [...]
Mining service provider faces $100M lawsuit over pyramid scheme allegations in China
Five executives from a Filecoin mining service are facing a lawsuit at the People's Court of Pingan County in China, over allegations that they pilfer [...]
$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 [...]
Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; CoinDesk Market Index Drops
Optimism early in the week reversed, with bitcoin’s price settling in just below $17,000. On a relative basis, BTC’s seven-day performance against the [...]
Co-founder of OneCoin Pyramid Scheme Pleads Guilty, ‘Cryptoqueen’ Still Wanted
“Karl Sebastian Greenwood operated one of the largest international fraud schemes ever perpetrated,” said Damian Williams, U.S. attorney for the South [...]
Brazilian Police Issue Warrants Against Alleged Leader of $767M Crypto Pyramid Scheme
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How to Stop Forsage, Meta Force and Other Smart Contract Pyramid Schemes
Ethereum gas fees would soon rise, forcing alleged pyramid alleged scammers like Okhotnikov to migrate to cheaper blockchains. Over the next few years [...]
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a "fraudulent crypto pyramid scheme" [...]
New York Man Arrested, Charged With Fraud For Alleged Role in $59M Crypto Pyramid Scheme
Eddy Alexandre, 50, of Valley Stream, NY, is the CEO of EminiFX, a cryptocurrency and forex trading platform. Authorities say that, beginning last Sep [...]
Two company directors on trial for cheating 2,000 investors in forex trading pyramid scheme
SINGAPORE: Two company directors accused of cheating more than 2,000 investors in a fraudulent foreign exchange trading pyramid scheme from 2014 to 20 [...]
Shanghai Police Bust $16M Crypto Pyramid Scheme
The scheme was Shanghai's first cracked case of an online pyramid scheme using cryptocurrencies, according to the police.
www.coindesk.com [...]
Traders Defrauded by South Korean Pyramid Scheme
South Korean authorities are investigating a grievance filed by 950 traders who declare to be victims of a crypto-related ponzi scheme.In response [...]
Legendary Soccer Participant Turned BTC Pyramid Detained With Faux Passport
Legendary soccer participant Ronaldinho Gaúcho was ‘arrested’ attempting to enter Paraguay with a faux passport.One of many best soccer gamers wit [...]
Thai Officers to Examine Alleged Cryptocurrency Pyramid Scheme
A human rights lawyer representing victims of an alleged cryptocurrency pyramid scheme in Thailand is taking their case to the nation’s Division o [...]