Bitcoin News / Bitcoin.com - 1 month ago
A cryptocurrency promoter was sentenced to 20 years in prison for running a Ponzi scheme that defrauded thousands of investors, particularly in Spanish-speaking U.S. communities. The scheme, disguised as a crypto mining operation, promised guaranteed...
by COINS NEWS - 1 month ago
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by COINS NEWS - 1 month ago
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by COINS NEWS - 1 month ago
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Bitcoin News / Google News Bitcoin - 1 month ago
86-Year-Old Former Lawyer to Pay $14 Million for Running Bitcoin Ponzi Scheme& & Decrypt
by COINS NEWS - 1 month ago
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Bitcoin News / Bitcoinist - 1 month ago
David Carmona, founder of the cryptocurrency Ponzi scheme IcomTech, has received a 10-year prison sentence following a court ruling in the last week. This development was revealed on October 4 by the US Attorney’s Office, Southern District of...
by COINS NEWS - 1 month ago
submitted by /u/writtey [link] [comments]
Bitcoin News / Bitcoin.com - 1 month ago
Analysts have begun to try to explain the weak performance of HMSTR, the Hamster Kombat official game token, since its token generation event and subsequent airdrop. Neomarkets chief analyst Oleg Kalmanovich assessed that one of the key problems for...
Bitcoin News / Google News Bitcoin - 1 month ago
Players Eye Lawsuits as Analysts Label Hamster Kombat a 'Time Ponzi Scheme'& & Bitcoin.com News
Bitcoin News / Bitcoin.com - 2 months ago
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitutio...
by COINS NEWS - 2 months ago
submitted by /u/Abdeliq [link] [comments]
Bitcoin News / Bitcoin.com - 2 months ago
The U.S. Securities and Exchange Commission (SEC) has frozen the assets of Jonathan and Tanner Adam, alleging they ran a $60 million Ponzi scheme under the guise of a crypto trading bot. Over 80 investors were defrauded by promises of high returns, w...
Bitcoin News / Bitcoinist - 2 months ago
The US Securities and Exchange Commission charged today brothers Jonathan and Tanner Adam with running a $60 million Ponzi scheme under the cover of a cryptocurrency investment opportunity. This August 27, 2024-dated case shows that challenges contin...
Bitcoin News / Bitcoin.com - 2 months ago
Yang Bin, a 61-year-old Dutch national, was sentenced by a Singapore court to six years in prison and fined S$16,000 Singapore dollars for orchestrating a cryptocurrency Ponzi scheme. Yang’s company, A&A Blockchain Innovation, falsely claim...
Cryptocoins News / CoinJournal - 2 months ago
Andreas Szakacs, the OmegaPro co-founder, was arrested in Turkey. Authorities have traced $160M in crypto transactions and seized computers and cold wallets. A Dutch investor has reported losing $7M& with and over 3,000 others losing $103M in t...
by COINS NEWS - 2 months ago
The cryptocurrency landscape has been rocked by the arrest of Andreas Szakacs, co-founder of OmegaPro, following allegations of a massive Ponzi scheme. Reports indicate that OmegaPro may have defrauded investors out of a staggering $4 billion,...
Cryptocoins News / CoinJournal - 3 months ago
Plus Token wallets moved $63.1M ETH after three years of inactivity. Dormant funds, once held in Bidesk, were partially transferred to Huobi. The move could cause market panic; ETH is currently valued at $2,379.35. In a dramatic development, crypto...
Bitcoin News / Bitcoinist - 4 months ago
In the crypto world, a Chicago federal judge has ordered Sam Ikkurty, an Oregon resident, and his associated companies to pay over $120 million to victims defrauded in what the Commodity Futures Trading Commission (CFTC) has labeled a “classic...
by COINS NEWS - 4 months ago
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More / Bitcoin Reddit - 4 months ago
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Bitcoin News / Bitcoin.com - 5 months ago
The Brazilian State Attorney General has dismissed allegations that Johann Steynberg, the late mastermind of a South African bitcoin ponzi scheme, was granted irregular access to a computer and the internet while in prison. Acting public prosecutor L...
Bitcoin News / Bitcoin.com - 5 months ago
According to Turkish authorities, the country’s law enforcement agencies have disrupted a criminal syndicate that lured unsuspecting residents into investing in a Ponzi scheme disguised as a cryptocurrency investment. The syndicate is reported to hav...
Bitcoin News / Bitcoin.com - 5 months ago
David Kagel, a disbarred California attorney, pleaded guilty to orchestrating a cryptocurrency Ponzi scheme that defrauded victims of over $9.5 million. Kagel, 85, promised high returns through artificial intelligence trading bots and falsely claimed...
Bitcoin News / Bitcoin Magazine - 6 months ago
"Ponzi scheme" has become a byword for all manner of financial frauds and monetary scams. When a rapid six month collapse erased $2T (trillion) from crypto market capitalization in 2022, mainstream media outlets were quick to again label cryptocurren...
