An Ohio resident who ran a $12 million Ponzi scheme involving bitcoin has been fined by the US Commodities Futures and Trading Commission (CFTC). According to a complaint filed by the CFTC at a distri...
Tag: Ponzi
CFTC Charges Rathnakishore Giri For Executing a $12 Million ‘Bitcoin Ponzi Scheme’
Rathnakishore Giri and his two companies, SR Private Equity LLC(Limited Liability Company) and NBD Eidetic Capital LLC, were charged for running Bitcoin Ponzi Scheme. CFTC (U.S Commodities Futur...
CFTC Sues Ohio Resident Rathnakishore Giri Fraudster Involving in a $12M Ponzi Scheme
The U.S. Commodity Futures Trading Commission (CFTC) has charged Ohio resident cryptocurrency scammer Rathnakishore Giri and his company with illegally defrauding up to $12 million in a Ponzi-like sch...
CFTC Files Charges Against $12 Million ‘Bitcoin Ponzi Scheme’
The Commodity and Futures Trading Commission today filed a civil enforcement action against a man for allegedly running a $12 million Bitcoin ponzi scheme to fund his lavish lifestyle. In a Friday st...
Are Mark Cuban and Voyager Digital in a Ponzi Scheme?
Dallas Mavericks Funding in Bitcoin A class-action complaint against the defunct cryptocurrency brokerage company Voyager Digital and billionaire investor and owner of the Dallas Mavericks Mark Cuban ...
A Crypto Ponzi Scheme: Kazakhstan Fraudsters Withheld 16% of the Guests’ pay
Kazakhstan’s Financial Monitoring Agency has launched a preliminary inquiry into a cryptocurrency mining operation that is reportedly operating as a financial pyramid scheme as part of increased...
Mark Cuban, Mavericks in hot water over Voyager ‘Ponzi scheme’
Lawsuits from disgruntled investors are beginning to stack up after crypto prices plummeted over the past few months, leaving them with steep losses. Billionaire Mark Cuban is the latest celebrity on ...
Mark Cuban and Voyager chief ran crypto ‘Ponzi scheme,’ lawsuit claims
A new lawsuit claims Mark Cuban played a pivotal role in shilling now-defunct Voyager Digital’s unregistered securities, duping investors in a ‘Ponzi scheme’ that lost them billions. Voyager was “as c...
Lawsuit Likens Voyager to Ponzi, Sues Mark Cuban For Promotion
A team of Voyager investors allege Mark Cuban helped dupe millions of Americans into investing in a “massive Ponzi scheme” Voyager targeted amateur investors through youth-forward marketing, according...
ViaBTC Capital｜An Economic Analysis: Play to Earn or Play to Ponzi?
Since 2021, Play to Earn (P2E) games have boomed. Following the success of Axie, all kinds of P2E games have popped up to join the feast, each demonstrating unique advantages in this carnival. Some pr...
Sam Bankman-Fried: Most Assets Are Ponzi Schemes
Sam Bankman-Fried – the crypto executive behind the growing and increasingly popular digital exchange FTX – has said many of the digital currencies out there are “empty products” with “real crash pote...
Ex-Advisor Sentenced to 22 Years in Prison for Ponzi Scheme
A former financial advisor was sentenced to nearly 22 years in prison for operating a Ponzi scheme that swindled $9.3 million from investors, according to the U.S. Attorney’s Office for the Northern D...
SEC Hits 11 People With Charges in Alleged $300,000,000 Crypto Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) is slapping fraud charges against eleven individuals behind the Forsage blockchain platform. The SEC says that the eleven allegedly “created, operated...
SEC Charges ‘Fraudsters’ in $300 Million ‘Crypto Pyramid and Ponzi Scheme’
The Securities and Exchange Commission has charged 11 people for their roles in what the agency is calling a “fraudulent crypto pyramid and Ponzi scheme.” Forsage allegedly raised more than $300 mill...
DOGE Fans Discover A Ponzi After Suspicious Transactions On The Dogecoin Chain
– Advertisement – A potentialDogecoin scam has been exposed by crypto fans. The crypto space is awash with scams, mostly because it’s hard to track stolen funds. Apparently, the latest s...
SEC Charges 11 Fraudsters in $300M Crypto Ponzi Scheme
The US SEC notes that Forsage was running a standard pyramid scheme and earned profits by recruiting others. On Monday, August 1, the US Securities and Exchange Commission (SEC) filed a civil complain...
SEC Busted Alleged Crypto Ponzi Scheme Worth 300mn USD
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SEC Charges 11 Individuals in $300M Crypto Ponzi Scheme Forsage – crypto.news
The SEC has filed charges against the team behind Forsage, alleging that they ran a crypto pyramid and Ponzi scheme, which may have resulted in losses for investors totaling more than $300 million glo...
SEC charges founders and promoters of alleged $300M Ponzi scheme
The US Securities and Exchange Commission (SEC) has filed charges against 11 individuals linked to a crypto pyramid scheme known as Forsage. The individuals behind the project managed to solicit over ...
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 ...
SEC Sues 11 Individuals involving Forsage Crypto Ponzi Scheme
The United States Securities and Exchange Commission (SEC) has filed charges against 11 alleged masterminds of the popular Forsage crypto pyramid and Ponzi scheme. As announced by the commission, the ...
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme – Coinotizia
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly r...
SEC Charges 11 in Crypto Ponzi and Pyramid Sc…
The U.S. Securities and Exchange Commission (SEC) announced on Monday that it had charged 11 people for their roles in what the agency is calling a “fraudulent crypto pyramid and Ponzi scheme” that ra...
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly r...
SEC charges 11 people in a $300M crypto Ponzi scheme
On Monday, the Securities and Exchange Commission (SEC) announced that it had arrested 11 people for their roles in creating and promoting an alleged crypto pyramid and Ponzi scheme. The scam collecte...
SEC charges 11 people over $300 million crypto Ponzi scheme
The US Securities and Exchange Commission (SEC) has announced that it has filed charges against 11 individuals in connection with a fraudulent crypto project that raised over $300 million from investo...
CFTC Investigating $1.7 Billion Bitcoin Ponzi Scheme
The U.S. Commodity Futures Trading Commission (CFTC) has filed charges against a company in South Africa and its head executive for allegedly running the biggest crypto-based Ponzi scheme in recorded ...
“Mad Scientist” Calls Ethereum A “Self-Assembled Ponzi Scheme”
– Advertisement – “Mad Scientist” Calls Ethereum A “Self-Assembled Ponzi Scheme,” Says Proof Of Stake Doesn’t Solve Its Problems. A “mad scientist” from Skerry Technologies goes after Et...
Ethereum Founder Says Too Much Mental Gymnastics in Defending Things; Even 12-Year Old Can Tell 20% APR As Ponzi
– Advertisement – Vitalik Buterin Discusses Cryptocurrency Intellectuals. Ethereum creator Vitalik Buterin Shares His Thoughts On Intellectuals In the Crypto Space. Vitalik Buterin, one of...
Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty – Coinotizia
In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liq...