Bitcoin News / Bitcoinist - 1 month ago
The US Securities and Exchange Commission (SEC) has taken legal action against 17 individuals allegedly involved in a Crypto Ponzi scheme that defrauded more than 40,000 victims and amassed $300 million. As per the SEC’s press release, Houston-based...
Bitcoin News / Google News Bitcoin - 2 months ago
"Bitcoin Beautee" is pleading guilty to her role in a $2 billion crypto Ponzi scheme& & Quartz
Cryptocoins News / Finance Magnates - 2 months ago
The authorities in the United States have busted the crypto Ponzi scheme called HyperFund that raised up to $1.89 billion from investors and brought civil and criminal charges against its Founder, Xue Lee (Sam Lee). The civil charges were brought by...
Cryptocoins News / Blockchain - 3 months ago
Marco Ochoa, ex-CEO of IcomTech, has been sentenced to five years in prison for wire fraud in a crypto Ponzi scheme, with a $914,000 forfeiture and two years of supervised release. (Read More)
Bitcoin News / Google News Bitcoin - 4 months ago
'Bitcoin Yoda' faces 75 years for operating a crypto Ponzi scheme& & Blockworks
by COINS NEWS - 7 months ago
submitted by /u/Br0xigar [link] [comments]
Bitcoin News / Bitcoinist - 8 months ago
Law authorities in the Indian state of Odisha successfully dismantled a crypto Ponzi scheme valued at $120 million (Rs 1000 crore). Reports unveiled that the state police’s Economic Offences Wing (EOW) arrested two key individuals at the core o...
by COINS NEWS - 8 months ago
For any who’ve been around crypto long enough, you’re familiar with OneCoin and the “Crypto Queen” who ripped a lot of people off with her ponzi. Glad to see this scheme get dismantled, which reportedly was similar in operation to OneCoin’s pla...
Bitcoin News / Google News Bitcoin - 9 months ago
As Regulators Fight Crypto Ponzi Schemes, Bitcoin Wins& & Bitcoin Magazine
by COINS NEWS - 9 months ago
Once cyberattacks are added to the mix, a total of $11.5 billion worth of crypto has been lost to bad actors last year. submitted by /u/diwalost [link] [comments]
Bitcoin News / Bitcoinist - 9 months ago
According to a new report by TRM, more money was lost to cryptocurrency Ponzi schemes and scams throughout 2022 than to hacks and exploits. In the past year, crypto investors were scammed through various Ponzi schemes to the tune of at least $7.8 bil...
Bitcoin News / Google News Bitcoin - 1 year ago
Founders of Multimillion-Dollar Global Crypto Ponzi Scheme 'Airbit ...& & Bitcoin News
Bitcoin News / Bitcoin.com - 1 year ago
The founders and promoters of multimillion-dollar cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to various criminal charges. Airbit Club victims were promised “guaranteed daily returns on any membership purchased,” the U.S....
Bitcoin News / Bitcoin.com - 1 year ago
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly dec...
Cryptocoins News / Finance Magnates - 1 year ago
<p>The US Commodity Futures Trading Commission (CFTC) has charged California-based Vista Network Technologies and its Chief Executive, Armen Temurian, for fraudulently soliciting more than $7 million in <a href="https://www.financemagna...
by COINS NEWS - 1 year ago
submitted by /u/vicarious_simulation [link] [comments]
Bitcoin News / Bitcoin.com - 1 year ago
The U.S. Securities and Exchange Commission (SEC) has charged four people for their roles in a global cryptocurrency Ponzi scheme that duped more than 100,000 investors worldwide. The scheme raised more than $295 million in bitcoin. SEC Says ‘T...
by COINS NEWS - 1 year ago
submitted by /u/No-Giraff3 [link] [comments]
Bitcoin News / Google News Bitcoin - 1 year ago
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison – Regulation Bitcoin News& & Bitcoin News
Bitcoin News / Bitcoin.com - 1 year ago
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to inv...
Bitcoin News / Bitcoin.com - 1 year ago
The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of in...
by COINS NEWS - 1 year ago
submitted by /u/Jawnze5 [link] [comments]
Cryptocoins News / Blockchain - 1 year ago
Mining Capital Coin CEO Luiz Capuci Jr has been on Friday for orchestrating a scam that defrauded investors around the world of about $62 million, according to the U.S. Department of Justice. Luiz Capuci Jr used cryptocurrency mining and investmen...
Cryptocoins Exchanges / Binance - 2 years ago
submitted by /u/Scanner_World [link] [comments]
Bitcoin News / Bitcoin.com - 2 years ago
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice....
