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 o...
Tag: Ponzi
Operators of AirBit Plead Guilty to $100M Crypto Ponzi Scheme
The United States Attorney for the Southern District of New York announced that a total of six executives of the cryptocurrency Ponzi scheme AirBit Club have pleaded guilty for their roles in an inter...
Execs Of Fake Crypto Trading Firm Plead Guilty To $100 Million Ponzi Scheme
Six executives of the Ponzi scheme AirBit Club have admitted their guilt in a fraud and money laundering scheme that allegedly bilked victims out of $100 million, according to prosecutors. On March 8...
4 Russian Nationals Indicted in Running a $340 Million Crypto Ponzi Scheme
The US authorities alleged Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov – the founders of the dubious cryptocurrency investment platform Forsage – to have orchestrated a g...
Forsage Founders Indicted for Alleged $340 Million “Global Ponzi” Scheme on Ethereum Blockchain
A federal grand jury in the District of Oregon has handed down indictments against the individuals who are believed to have been the masterminds behind the “global Ponzi” scam known as For...
Forsage Platform Founders Indicted in $340 Million Ponzi Scheme –
Join Our Telegram channel to stay up to date on breaking news coverage The founders of a DeFi crypto investment platform, Forsage, have been indicted by the federal grand jury in the District of Orego...
Feds discover DeFi’s alleged $340 million Ponzi scheme
Centralized exchanges are under threat of being reprimanded by regulators in the US. When it appeared that things would be limited to the exchange sector, it was discovered that another sector was pre...
US DoJ indicts Forsage founders in $340m Ponzi scheme
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 s...
Forsage Founders Indicted for $340M Ponzi Scheme Masquerading as DeFi Platform
Forsage relied on smart contracts on Ethereum, Binance Smart Chain and Tron that were “consistent with a Ponzi scheme,” the statement said. “As soon as an investor invested in Forsag...
Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme – Bitcoin News
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 year...
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon. The four Russian founders — Vladimir Okhotnikov, Olena ...
Forsage founders indicted in $340 million Ponzi scheme
Legal • February 22, 2023, 6:34PM EST The founders of Forsage, a decentralized finance crypto investment platform, were indicted for their alleged roles in a $340 million “global Ponzi and pyramid sch...
Chinese Crypto Ponzi Becomes Top Polygon (MATIC) Holder, Here’s How
Vladislav Sopov Avatar-themed ‘passive income’ among top gas consumers in leading EVM-compatible blockchain Contents Crypto Ponzi Avatar allocated $26 million in Polygon (MATIC) tokens Why...
Whale Associated with Chinese Ponzi scheme Becomes The Fifth Biggest MATIC Holder
According to the on-chain blockchain security and data analytics company PeckShield, a wallet address associated with a Chinese multilevel marketing (MLM) Ponzi project has amassed more than 22.37 mil...
Wallet associated with Ponzi becomes the fifth-largest MATIC holder
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 ...
Chinese-Based Avatar Ponzi Scheme Becomes MATIC Whale
A Chinese MLM Ponzi scheme has become the fifth largest MATIC holder. The project’s transactions have led to increased gas fees on the network. A multilevel marketing (MLM) ponzi project is the fifth-...
SEC is treating Ripple like a Ponzi scheme, law professor says
As the widely publicized case in which the United States Securities and Exchange Commission (SEC) is accusing Ripple of illegally selling the XRP token is awaiting its conclusion, one particular law p...
Peter Schiff Knew Celsius Network Was Ponzi, Wonders Why Regulators Did Not
Godfrey Benjamin Bitcoin critic said he knew Celsius network was Ponzi scheme all along Popular crypto critic Peter Schiff has called out regulators in the United States of America for not discovering...
Celsius dubbed Ponzi scheme in official report
The court-appointed independent examiner in the bankruptcy case of crypto lender Celsius has filed a final report, confirming the company’s operation as a Ponzi scheme. Celsius confirmed as a Ponzi sc...
US Bankruptcy Examiner Hints Celsius Running Ponzi Schemes
US Bankruptcy Judge Martin Glenn, overseeing Celsius’s Chapter 11 case appointer ex-prosecutor Shoba Pillay as the examiner to probe the crypto lending platform. The examiner was expected to release a...
Court-appointed examiner confirms Celsius operated as a Ponzi
An independent U.S. court-appointed examiner reported that Celsius had used customers’ deposits to prop up the CEL token and enrich two of the company’s founders. The report by former prosecutor Shoba...
Independent examiner finds Celsius ticks every Ponzi box
An independent investigation has determined that now-bankrupt crypto lender Celsius Network was a Ponzi scheme by using client funds to buy up its native token and inflate price. Since September, form...
Irish Central Bank Crypto Ponzi Urges Ban Advertisements
In the past, the Irish Central Bank has been critical of crypto and digital assets. Ireland’s Central Bank governor, Gabriel Makhlouf, has now urged lawmakers to ban crypto advertisements. According t...
‘Crypto is A Decentralized Ponzi Scheme…’: says JPMorgan CEO
In a recent interview with CNBC’s “Squawk Box,” JPMorgan Chief Executive Officer (CEO), Jamie Dimon, talked about Bitcoin (BTC), crypto scheme and blockchain. On January 19th, 2023, Dimon said “Bitcoi...
Bitcoin a ‘Pet Rock Ponzi’ Says JPM Head Jamie Dimon
JPMorgan Chase CEO Jamie Dimon dissed Bitcoin (yet again) on the sidelines of the World Economic Forum’s annual summit in Davos, Switzerland. In an interview with CNBC, Dimon said, “Bitcoin itself is ...
BitConnect’s “Textbook Ponzi” victims will be compensated with $17 million
Join Our Telegram channel to stay up to date on breaking news coverage According to a decision made by a Californian court, about 800 victims of the infamous BitConnect scam will shortly receive a fra...
Over 800 Victims of BitConnect Crypto Ponzi Scheme To Receive $17,000,000 in Restitution, According to U.S. DOJ
More than 800 victims of the collapsed BitConnect crypto Ponzi scheme are set to receive $17 million in restitution, according to the U.S. Department of Justice. A federal district court in San Diego ...
Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme – Bitcoin News
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded tho...
Victims of $2.4B BitConnect Ponzi to Receive $17M in Restitution
Victims of the Ponzi scheme BitConnect may finally find some respite. The United States District Court for the Southern District of California ordered over $17 million in restitution to be distributed...
Mark Cuban To Be Deposed Next Month in Voyager ‘Ponzi’ Suit
“Shark Tank” billionaire Mark Cuban is set to be deposed as part of a class-action lawsuit over his role in promoting failed crypto lender Voyager to millions of Americans. A number of Voyager users f...
New York court charges 2 crypto ponzi scheme promoters
On Friday, the United States Attorney for the Southern District of New York, Damian Williams, charged two more Forcount Ponzi scheme promoters. Forcount was a Brazil-based cryptocurrency scam that def...