Advertisement     One of Bitcoin’s most vocal advocates, Max Keiser, has once again criticized ethereum in the wake of the much-anticipated upgrade to the world’s seco...
Tag: Ponzi
Meet The Investor Willing To Put His Money Into Ponzi Schemes. His Fund Is Up 593%
Harris Kupperman’s Praetorian Capital seeks out hysteria in every corner of the market, from bitcoin to natural gas. Occasionally the best seed capital for a successful career in investing is lucky ti...
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison – Regulation Bitcoin News
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, ...
BitConnect Promoter Gets 38 Months in $2.4 Billion Ponzi Scam
(Bloomberg) — The top North American promoter of the BitConnect cryptocurrency investment platform was sentenced to 38 months in prison for running a $2.4 billion Ponzi scheme that defrauded at ...
Brazil’s jailed ‘bitcoin pharaoh’ will have to sit out next month’s election
A Brazilian court unanimously moved to prohibit “bitcoin pharaoh” Glaidson Acácio dos Santos from running for office because of his company’s alleged role in a pyramid scheme. Dos Sa...
Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US – Regulation Bitcoin News
The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants all...
Australians Lose More Than 242.5M AUD to Crypto and Ponzi Schemes
Scammers are known to pose as imposters and make very believable cases in front of their victims. According to Scamwatch’s newly released report, Australians have been on the receiving side of million...
Crypto Ponzi scheme mastermind pleads guilty to $100m fraud allegation
Join Our Telegram channel to stay up to date on breaking news coverage According to the Department of Justice, an employee of a crypto firm, EmpiresX, has pleaded guilty to an allegation of engaging i...
Florida Man Pleads Guilty to Stealing $100 Million in Crypto Ponzi Scheme
A Florida man pleaded guilty in federal district court on Thursday to participating in a cryptocurrency-based Ponzi scheme that defrauded investors of approximately $100 million, the Department of Jus...
Florida man pleads guilty to securities fraud charge in $100 million crypto Ponzi scheme
A Florida resident pleaded guilty to a securities fraud conspiracy charge in a case involving a crypto Ponzi scheme said to have netted as much as $100 million from customers. The Department of Justic...
US SEC Accused ‘Mother Teresa’ of South Florida to Run a Ponzi Scheme
On Tuesday, September 6th, 2022, South Florida resident Johanna M. Gracia reported being accused by the US SEC. According to the agency, the lady was responsible for running a Ponzi Scheme. Gracia is ...
Vermont Regulators Didn’t Use the Word, but I Will: Celsius Was a Ponzi
The Vermont filing also explores the role of the CEL token in Celsius’ finances. “If Celsius’ net position in CEL is excluded, its liabilities exceed its assets in all of the Freeze Reports and Prelim...
Ponzi Scheme Generates $100K In Crypto
The fake Ponzi scheme raised over $100,000 The scheme achieved this feat in just a few hours Crypto influencer FatManTerra created the fake scheme to build awareness Crypto resources give higher bene...
She called herself the Mother Teresa of Florida small-business lending, but investigators say she was really running a $194 million Ponzi scheme
Johanna Garcia claimed her merchant cash-advance business was so helpful to small businesses in Florida that she was like the Catholic saint Mother Teresa. But to the 15,400 investors who sank $194.1 ...
Crypto Lender Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
“During the course of the multistate investigation, it has become clear that Celsius, through its CEO Alex Mashinsky and otherwise, made false and misleading claims to investors about, inter ali...
Crypto Influencer Raises Illegal Funds through Ponzi Scheme
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Ponzi Scheme Generates $100K In Crypto Through Awareness Move
Crypto assets provide higher profits than traditional investments but with proper investment plans and actions. It is one of the areas where an investor could make over 100% gains with less stress des...
‘Far too easy’ — Crypto researcher’s fake Ponzi raises $100K in hours
Crypto influencer FatManTerra claims to have gathered over $100,000 worth of Bitcoin (BTC) from crypto investors in an investment scheme that was later revealed as fake. The crypto researcher said he...
SEC Uncovers $300 Million Crypto Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has charged 11 individuals for their roles in an alleged crypto Ponzi scheme that may have taken as much as $300 million from investors. A Crypto Ponz...
Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi Scheme – Featured Bitcoin News
After reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of wo...
How to tell if a cryptocurrency project is a Ponzi scheme
The crypto world has experienced an increase in Ponzi schemes since 2016 when the market gained mainstream prominence. Many shady investment programs are designed to take advantage of the hype behind ...
Argentina Presidential Candidate Faces Legal Backlash For Promoting A Crypto Ponzi
– Advertisement – Presidential Candidate In Argentina Sued for promoting scam Crypto project. A top Argentinian presidential contender has been taken to court over his role in promoting ...
Argentine Presidential Candidate Sued Over Alleged Crypto Ponzi Scheme
Argentina’s eccentric Bitcoiner presidential candidate is being sued for allegedly promoting a crypto ponzi scheme. Javier Milei, a top contender to be the next president of Argentina, last year uplo...
Argentine Presidential Hopeful Taken To Court Over Alleged Cryptocurrency Ponzi Scam ⋆ ZyCrypto
Advertisement     Javier Milei, a top candidate in the race to be Argentina’s next president, has been slammed with a lawsuit by disgruntled investors for reportedly p...
Argentine Presidential Candidate Sued for Allegedly Promoting Crypto Ponzi Scheme
According to local media, investors are holding Milei personally responsible for their losses. Argentine presidential candidate Javier Milei is being sued for allegedly promoting a crypto scam. In Dec...
Argentina Presidential Candidate Sued for Promoting a Crypto Ponzi Scheme
Javier Milei – one of the main contestants to become Argentina’s new President – has been caught in the crossfire for advertising the cryptocurrency investment platform CoinX. The company promised hug...
CFTC sues Ohio man over crypto Ponzi scheme
The United States Commodity Futures Trading Commission (CFTC) has instituted a lawsuit against New Albany’s Rathnakishore Giri. The agency extended the lawsuit to hIs companies, SR Private Equity, LLC...
Man From Ohio Charged by CTFC for Alleged $12,000,000 Crypto Ponzi Scheme
The Commodity Futures Trading Commission (CTFC) is charging an Ohio man for soliciting over $12 million and 10 Bitcoin (BTC) in an alleged Ponzi scheme. According to a new press release, the CTFC is t...
Billionaire Mark Cuban Sued for Allegedly Promoting a Massive Crypto ‘Ponzi Scheme’ – Featured Bitcoin News
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, is facing a class action lawsuit for promoting Voyager Digital’s crypto products. The plaintiffs claim that Voyager was “a m...
CFTC Files Charges Against Mastermind Of $12 Million Bitcoin Ponzi Scheme ⋆ ZyCrypto
Advertisement     The Commodities Futures Trading Commission (CFTC) has filed charges against an Ohia man and his companies for misappropriating more than $12 million ...