After the wife of John Bigatton, a well-known Australian promoter of the now-defunct BitConnect Coin (BCC) project and an alleged Ponzi scheme, reportedly died by suicide, multiple theories have arise...
Tag: Promoters
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...
FTX ambassadors and promoters face class action lawsuit
The class action lawsuit filed last month against a host of FTX promoters for the now-extinct crypto exchange has been amended. Financial watchdogs are seeking billions of dollars from the exchange’s ...
Class Action Lawsuit Against FTX’s Celebrity Promoters and Sam Bankman-Fried Is Quietly Dropped
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KIm Kardashian in the Clear as Crypto Promoters Under Fire
A federal judge has dismissed a class action lawsuit against celebrities, including Kim Kardashian, for promoting the cryptocurrency EthereumMax. Earlier this year, investors filed the lawsuit against...
Berkshire’s Charlie Munger Likes the Fed, Hates Bitcoin Promoters, Calls Tesla’s Success a Miracle – Featured Bitcoin News
Berkshire Hathaway Vice Chairman Charlie Munger, Warren Buffett’s right-hand man, has commented on the collapse of crypto exchange FTX, stating that “it is partly fraud and party delusion.” Noting tha...
SEC to Hunt Down Alleged Crypto Ponzi Scheme; Charges Founder and Promoters
The United States Securities and Exchange Commission filed charges against the founder and promoters of an alleged crypto scheme. On Friday, 4th November 2022, the agency announced charging Trade Coin...
Lesson learned? EthereumMax bleeds 75% since celebrity promoters got sued
EthereumMax (EMAX) has become a reminder for every cryptocurrency user to do their research and not invest in any digital asset simply because it was shilled or promoted by a celebrity. EMAX plummets ...
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 ...
U.S. DoJ Slaps Charges Against Promoters of Baller Ape Club NFT In Rug Pull Scam
On Thursday, June 30, the U.S. Justice Department slapped charges against a person promoting “Baller Ape Club” non-fungible tokens, in what appears to be an alleged rug pull scam. The U.S. DoJ has rep...
Binance initiates legal actions against fake ads promoters in Turkey
It’s no news that Turkey sees a notable increase in interest in digital currencies. However, this has also drawn the attention of scammers to the local market. Scammers in Turkey have been found to la...
Ormeus Coin promoters charged over $124M crypto fraud
TL;DR Breakdown: The SEC charged Ormeus Coin promoter for defrauding investors of over $124 million. They falsely claimed that the crypto project runs a $250 mining operation that generates at least ...
Lawsuit filed against Safemoon promoters for pump and dump strategy
A new class-action lawsuit has been filed against social influencers and celebrities promoting the safemoon cryptocurrency. The lawsuit revolves around a pump and dump strategy. Safemoon pump and dump...
CFTC Charges ROFX and 5 Promoters for $58 Million FX Fraud
The Commodity Futures Trading Commission (CFTC) has continued its bust against fraudulent investment schemes and recently filed a civil enforcement action against five individuals and five companies f...
Small theaters, promoters fighting to qualify for Covid relief
Like many community playhouses around the country, the Studio Theatre shuttered its doors in March 2020 for coronavirus pandemic and did not fully reopen for more than a year. The sales the Little Roc...