Ponzi Scheme News
Latest Ponzi Scheme News
A New York District Court jury convicted two men associated with IcomTech, a company that presented itself as specializing in cryptocurrency mining and trading, of wire fraud conspiracy. The individuals, David Brend and Gustavo Rodriguez, now potentially face up to…
The SEC has charged 17 individuals for their involvement in a $300 million Ponzi scheme targeting predominantly Latino investors through the so-called CryptoFX LLC. The U.S. Securities and Exchange Commission (SEC) has brought charges against 17 individuals implicated in a…
Mark Scott, a lawyer for the OneCoin cryptocurrency pyramid, was found guilty of two criminal charges. Both are related to bank fraud and money laundering. The U.S. District Court sentenced Mark Scott to 10 years in prison. He is accused…
The scathing attack from John Reed Stark echoes similar sentiments made by Better Markets CEO Dennis Kelleher, who implored the SEC to reject spot Bitcoin ETF applications.
Tether has blocked six new wallets on the Ethereum network, likely due to being linked to the Russia Finiko ponzi scheme.Â
DappBay, a web3 dApp store for users on the BNB Chain, has flagged over 100 risky decentralized applications (dapps) in its recent update.Â
Brazil's National Congress is targeting Binance CEO Changpeng Zhao and three of the firm's employees. The firm says it is cooperating extensively with the committee.
DFintoch ponzi scheme has collapsed, taking with it 31.6M USDT. Investors have been left frustrated as millions of assets in crypto vanish.
The United States Commodity Futures Trading Commission (CFTC) has ordered Cornelius Johannes Steynberg of Stellenbosch, Western Cape, South Africa, to pay $3.4 billion in restitution and a civil monetary penalty. He organized a crypto Ponzi scheme that defrauded victims in…
Mark Scott, the legal head of the controversial cryptocurrency project OneCoin, has been extradited to the United States to face charges of fraud, money laundering, and conspiracy to commit wire fraud, marking the latest development in the ongoing investigation into…
The United States Department of Justice (DoJ) has charged four founders of Forsage for orchestrating the multi-million dollar global DeFi Ponzi and pyramid scheme. If convicted, the defendants could spend up to 20 years in prison. DoJ indicts Forsage founders …
The Avatar Ponzi scheme-related wallet — 0xc7728354f9fe0e43514b1227162d5b0e40fad410 — has accumulated over 22 million polygon (MATIC) coins. This movement has made the address the fifth-largest MATIC holder. According to the on-chain security and data company PeckShield, the address connected to a …
The DOJ has arrested and filed fraud charges against Ramon Perez, 40, and Nestor Nunez, 64, both of whom promoted the Forcount Ponzi scheme.
OneCoin’s co-founder and the Cryptoqueen’s associate has pleaded guilty to running a Ponzi scheme. Millions were duped into purchasing a deceptive virtual currency that caused billions of dollars in shortfalls. U.S. Attorney Damian Williams confirmed that Karl Sebastian Greenwood entered…
The Department of Justice (DOJ) on Wednesday arrested nine people for running a crypto ponzi scheme that posed as a trading and mining company.
A British High Court suspended the Pretoria Group International (PGI) Trading firm. PGI offered crypto services, health products, and blockchain education. PGI Shutdown While Holding Investors’ Funds Initially, two of PGI’s Directors delivered conflicting reports about its activities. However, the…