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Tag: Ponzi
Mainland China Seized The Crypto Assets Involved In Ponzi Schemes
In 2019, the People’s Republic of China was attracted to the Plus Token, which is basically a Ponzi scheme where the investors believe that if they invest a small amount of assets in return, the...
SEC charges Trade Coin Club in alleged $295 million bitcoin Ponzi scheme
The Securities and Exchange Commission filed a case against the operators of Trade Coin Club, which they allege to be a massive crypto Ponzi scheme. The SEC’s complaints outline a scheme ...
Celsius Creditors’ Lawyer ‘Looking Into’ Whether Firm Was a Ponzi Scheme: Report
A New York bankruptcy judge expanded the scope of the probe in the Celsius Network bankruptcy as the company’s customers demanded investigations into the crypto lender’s business operations, according...
Celsius Network Faces “Ponzi Scheme” Investigation, WSJ
Wahid Pessarlay Bankrupt crypto lender Celsius Network faces investigation whether it’s a “Ponzi Scheme” According to a Wall Street Journal (WSJ) report, the court appointed an examiner to dive into C...
Judge orders probe to investigate whether Celsius was a Ponzi
The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors to determine who will head a probe into whether the firm was operating like a ...
Bitcoin Ponzi Agent Sentenced by The U.S. Judge, Find Here Why
The U.S. Judge orders the Bitcoin Ponzi Agent to be put behind the bars. As the agent is accused of refusing court orders for paying $40 Million to the SEC. The District Judge of Texas, Judge Amos L. ...
US Judge Orders Bitcoin Ponzi Operator Imprisoned for Ignoring Court Order to Pay SEC $40 Million – Regulation Bitcoin News
A district judge has ordered a bitcoin Ponzi operator to be arrested and imprisoned after he ignored multiple court orders and failed to pay the U.S. Securities and Exchange Commission (SEC) $40 milli...
Crypto trading ponzi scheme PGI Group shut down in UK
A Ponzi scheme known as Praetorian Group has been shut down in the UK, following an investigation by the US Department of Justice (DoJ) and a 2021 warning by the Securities and Exchange Commission (SE...
Crypto staking platform Freeway halts withdrawals, FatManTerra alleges Ponzi scheme
Freeway, a crypto-staking platform that touted up to 43% annual rewards, halted withdrawals and deposits on its platform on Oct. 23, citing market volatility. According to the notice posted on its web...
JPMorgan’s new crypto policy head was at bankrupt Ponzi Celsius
JPMorgan has hired Aaron Iovine, most recently head of policy and regulatory affairs of bankrupt crypto lender — and likely Ponzi scheme — Celsius Networks, as its new executive director of digital as...
Is Richard Heart’s HEX Crypto a Ponzi Scheme?
HEX crypto marked a 948,000% rise, since its launching in the year 2019. HEX project has given an average of 38% returns, seems like a lucrative business. The official website of HEX clarified that th...
Brazil Police Uncover $766M Crypto Ponzi Scheme Fraud
2 hours ago | 2 mins read Bitcoin News Brazilian law enforcement officers searched the home of da Silva and his accomplices. Celebrities like model Sasha Meneghel lost almost $230,000. The activities ...
SEC Shuts Down Fraudulent Crypto Firm Over Ponzi Scheme
9 hours ago | 2 mins read Bitcoin News CryptoFX was able to amass over $12 million from over 5,000 investors. More than 90% of the monies was used by Chavez to maintain his extravagant lifestyle. A fa...
SEC Cracks Down on Multimillion Crypto Ponzi Targeting Latino Investors
The U.S. Securities and Exchange Commission (SEC) ordered the emergency shutdown of an ongoing fraudulent crypto offering targeting the country’s Latino community. CryptoFX, a Texas-based firm run by ...
California Financial Regulator Accuses 11 Entities of Crypto Asset-Fueled Pyramid and Ponzi Schemes
California’s Department of Financial Protection and Innovation (DFPI) says it issued desist and refrain orders for 11 entities that it accuses of engaging in fraudulent investment schemes involving cr...
California: 11 crypto companies targeted as Ponzi
In California, the Department of Financial Protection and Innovation (DFPI) has intervened by targeting 11 crypto companies as they are referred to as Ponzi and Pyramid schemes. California and crackd...
JPMorgan’s CEO says crypto is just some new Ponzi scheme
Join Our Telegram channel to stay up to date on breaking news coverage JPMorgan Chase Leader Jamie Dimon alluded to himself as a significant skeptic of virtual currency tokens that users call currency...
For the CEO of JP Morgan, cryptocurrencies are Ponzi schemes
In a hearing before the US Congress, Jamie Dimon, CEO of JP Morgan Chase, said that crypto are “decentralized Ponzi schemes.” Questioned Wednesday at a hearing on the rapid development of digital asse...
JPMorgan CEO Jamie Dimon: Crypto Tokens, Bitcoin Are ‘Decentralized Ponzi Schemes’
Speaking in congressional testimony on Wednesday, Jamie Dimon, CEO of JPMorgan, said he was a “major skeptic of crypto tokens […] like Bitcoin” and called them “decentralized ponzi schemes.” “Th...
JPMorgan CEO Jamie Dimon Tells Congress Crypto Tokens Like Bitcoin Are ‘Decentralized Ponzi Schemes’ – Coinotizia
JPMorgan Chase CEO Jamie Dimon said in a U.S. congressional hearing that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” He told lawmakers: “I’m a major skeptic on crypto tokens which ...
JPMorgan CEO Jamie Dimon Tells Congress Crypto Tokens Like Bitcoin Are ‘Decentralized Ponzi Schemes’ – Featured Bitcoin News
JPMorgan Chase CEO Jamie Dimon said in a U.S. congressional hearing that crypto tokens, like bitcoin, are “decentralized Ponzi schemes.” He told lawmakers: “I’m a major skeptic on crypto tokens which ...
Crypto is a ‘decentralized Ponzi scheme’- This CEO has bitter stance
Jamie Dimon, the man at the helm of United States’ largest bank J.P Morgan Chase, made some rather controversial statements at 21 September’s congressional hearing called “Holding Megabanks Accountabl...
Jamie Dimon told Congress that crypto is nothing but a ‘decentralized Ponzi scheme’
Cryptocurrencies are dangerous “Ponzi schemes” that put billions of dollars at risk every year, JPMorgan CEO Jamie Dimon declared in a scathing review of the volatile digital assets. In congressional ...
JPMorgan CEO Slams Crypto Again, Calls Bitcoin ‘Decentralized Ponzi Scheme’
Jamie Dimon – Chief Executive Officer of JPMorgan Chase & Co. – reiterated his negative stance on the crypto industry, describing bitcoin and other digital assets as “decentralized Ponzi schemes.”...
JPMorgan CEO Called Bitcoin and Other Cryptos “Ponzi Schemes”
4 hours ago | 2 mins read Editors News JPMorgan CEO Jamie Dimon stated he has a major skeptic of crypto tokens. Jamie Dimon advised lawmakers to “be prepared for the worst.” Jamie Dimon, the CEO of JP...
JPMorgan CEO slams crypto as ‘decentralised Ponzi schemes’
JPMorgan (NYSE: JPM) CEO Jamie Dimon has slammed cryptocurrencies, pointingly mentioning Bitcoin (BTC), as nothing but ‘decentralised Ponzi scheme.’ Dimon’s fresh criticism of crypto came during a US ...
JPMorgan CEO blasts Bitcoin and crypto as ‘decentralized Ponzi schemes’
JPMorgan Chase (NYSE: JPM) CEO Jamie Dimon has extended his criticism of Bitcoin (BTC) and cryptocurrencies, equating them to a ‘Ponzi scheme.’ Dimon, who was speaking before the United States lawmak...