The lovelorn among us are prime candidates for crypto scammers, a new bulletin from the U.S. Consumer Financial Protection Bureau (CFPB) shows. CFPB data show that fraud and scams were the focus...
Tag: crypto fraud
Crypto investment advisor faces SEC fraud charges after raising $4.3 million
The U.S. Securities and Exchange Commission filed fraud charges on Thursday against a crypto advisor who raised close to $4.3 million from four investors. The SEC alleged that Gabriel Edelman fraudule...
SEC charges Forsage founders, promoters in $300 million crypto Ponzi scheme lawsuit
On Monday, the Securities and Exchange Commission charged 11 people as part of an alleged $300 million global crypto pyramid and Ponzi scheme. Retail investors were allegedly bilked by Forsage, which ...
My Big Coin founder convicted of cryptocurrency fraud
The founder of a defunct, Nevada-based cryptocurrency company, My Big Coin, was convicted of bilking investors out of more than $6 million by marketing and selling a fraudulent virtual currency that h...