Elon Musk is currently being sued by billionaire Investor Keith Johnson. Also in the firing line are Musk’s companies SpaceX and Tesla. Johnson is suing Musk for $258 million for allegedly backing a p...
Tag: Scheme
Musk, SpaceX, Tesla Sued for Alleged DOGE Pyramid Scheme
Popular investor and business magnate Elon Musk, along with SpaceX and Tesla, were recently sued on Thursday for $258 billion by a DOGE investor, Keith Johnson. He accused Musk of running a pyramid sc...
Elon Musk, Tesla, SpaceX Sued for $258 Billion Dogecoin ‘Pyramid Scheme’
Is Elon Musk’s promotion of Dogecoin coming back to bite him? The billionaire and his companies are now being sued for $258 billion for engaging in a so-called “crypto pyramid scheme” by way of the me...
Elon Musk, SpaceX and Tesla are facing $258 billion lawsuit for promoting Dogecoin “pyramid scheme”
? Want to work with us? CryptoSlate is hiring for a handful of positions! Elon Musk is facing a colossal lawsuit that alleges that he, as well as his companies, Tesla and SpaceX, were “engaged in a cr...
Elon Musk, SpaceX And Tesla Sued For $258 Billion In Alleged Dogecoin ‘Pyramid Scheme’
Topline Elon Musk, SpaceX and Tesla were sued in federal court Thursday over claims that Musk directly “manipulated” the price of Dogecoin in a deliberate “crypto pyramid scheme” conducted over Twitte...
Elon Musk Part Of Dogecoin Pyramid Scheme? Lawsuit Says So
Elon Musk has been a fierce Dogecoin (DOGE) proponent for several years. The Tesla and SpaceX CEO has publicly stated his support for the cryptocurrency allegedly because of its features and capacity ...
The future of fitness might be a Ponzi scheme
Move-to-earn is the controversial concept behind fitness in the metaverse Asics are NFTs that grant access to an invitation-only digital exercise space Thousands of dollars on digital shoes might soun...
Virtual Ponzi Scheme Implodes – Cryptocurrency Masterminds Are Missing
Virtual implosion getty The virtual investment promises were compelling: High return, no inflation risk, complete safety, absolute privacy, and immediately transferable to anywhere. Moreover, there wa...
Hudson Banks On Loyalty Scheme With Instant 5% Reductions To Bag More Airport Shoppers
The Red by Dufry loyalty scheme is coming to Hudson in North America. Hudson Group Travel retailer Hudson, has launched a new loyalty program across its roughly 1,000 stores in airports, commuter hubs...
How the Feds Are Prosecuting NFT Insider Trading Scheme as Wire Fraud – and Why That Matters
According to the indictment, Chastain took advantage of the way OpenSea promotes NFTs on its site. Multiple times per week, OpenSea lists “featured NFTs” on its homepage. Featured NFTs usually appreci...
Mastercard Adds The Sandbox, Nifty Gateway, Mintable to ‘Simple’ NFT Purchase Scheme
Mastercard has announced that it’s teaming up with several non-fungible token (NFT) marketplaces to “bring its payments network to Web3,” making it possible to purchase NFTs with its debit and c...
US SEC Uncovers Money Laundering Scheme from Do Kwon
While most of the legal tussle that seems to be facing Kwon and the blockchain startup is still in their infancy, they are, however, proving to be multifaceted and that they are emanating from differe...
US Arrests Former Employee of Opensea NFT Marketplace in ‘First-Ever Digital Asset Insider Trading Scheme’ – Regulation Bitcoin News
The U.S. Department of Justice (DOJ) has indicted an employee of non-fungible token (NFT) marketplace Opensea in what the department called the “first-ever digital asset insider trading scheme.” DOJ I...
U.S. Department of Justice Charges Former OpenSea Executive in First-Ever Insider Trading Crypto Scheme
In a groundbreaking move, the U.S. Department of Justice (DOJ) is charging a former executive of the world’s leading non-fungible token (NFT) marketplace with insider trading. According to a new press...
Father-Son Duo Sentenced for Laundering Cash with Bitcoin in Weed Scheme
In brief Pair convicted of laundering over $100,000 from sales using Bitcoin and dark web Unlicensed company manufactured hash oil and other marijuana products The Department of Justice announced the ...
DOJ Charges Former OpenSea Exec in ‘Insider Trading Scheme’
OpenSea CEO Devin Finzer previously told Decrypt that some suspicious NFT trades made by a former executive had been “misframed” as insider trading. Today, the Department of Justice called those trade...
Nate Chastain Indicted for NFT Insider Trading Scheme
Key Takeaways A former OpenSea product manager, Nathaniel Chastain, is being charged with wire fraud and money laundering in connection with a scheme to commit NFT insider trading. Chastain allegedly ...
Luiz Capuci Jr. Indicted for Alleged Role in Florida Crypto Ponzi Scheme
Luiz Capuci Jr. – the CEO of Mining Capital Coin – has been indicted by the United States Justice Department for allegedly engaging in a global crypto-based Ponzi scheme that made off with more than $...
US Congress Investigates Cawthorn Over Alleged Involvement In Crypto Scheme
Madison Cawthorn, a member of the United States Republican Congress, North Carolina, will face an investigation this year to determine how much involvement he had in a crypto pump and dump game plan. ...
IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
While the heat with respect to the Terra protocol collapse is cooling off, global experts, including the International Monetary Fund (IMF) Managing Director Kristalina Georgieva waded in to express he...
What would be your opinion about whether Cryptocurrency is a Ponzi Scheme?
Since the emergence of cryptocurrencies, there have been people who either like digital assets or are critics of this asset class; both have their own specific reasons Cryptocurrencies have brought re...
Bitget Launches All-New Reward Scheme
Leading global derivatives exchange – Bitget, announced its brand new rewards center was successfully launched. With the goal to further expand the Bitget community and enhance the overall trading exp...
CFTC Charges Illinois and Oregon Residents in Alleged $44,000,000 Crypto Ponzi Scheme
The Commodities Futures Trading Commission (CTFC) is announcing charges against two US residents alleging that they were behind a multi-million-dollar crypto Ponzi scheme. According to a press release...
CFTC charges two men with $44 million cryptocurrency ‘Ponzi scheme’
The Commodity Futures Trading Commission (CFTC) on Thursday charged two US residents with fraud “akin to a Ponzi scheme” in soliciting about $44 million from at least 170 investors through a website a...
CFTC Charges Two Men Behind $44 Million Crypto Ponzi Scheme
The United States Commodity Futures Trading Commission (CFTC) has charged two U.S. residents and their entities for running a cryptocurrency investment scheme that defrauded over 170 investors. CFTC C...
CFTC Nabs 2 Crypto Fraudsters Involving in a $44M Ponzi Scheme
Two suspected cryptocurrency fraudsters Sam Ikkurty of Portland, Oregon, and Ravishankar Avadhanam of Illinois have been charged by the United States Commodity Futures Trading Commission (CFTC) for il...
$44M Ponzi scheme charged with stealing $18M in funds
Two individuals and a company have been charged with operating an illegal community pool and fraudulently soliciting $44 million via an “income fund investing in digital assets.” The defendants are Sa...
Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO
The Seoul Southern District Prosecutor’s Office in Korea is investigating whether it can bring charges of a Ponzi scheme against Terraform Lab’s CEO, Do Kwon. The prosecutor’s department in Korea is l...
CFTC indicts 2 men for running a $44M crypto Ponzi scheme
A number of recent Ponzi schemes have utilized decentralized finance (DeFi) infrastructure and the crypto ecosystem to steal from their investors. CFTC charged two Americans with running a cryptocurre...
CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme
Officials with the Commodity Futures Trading Commission (CFTC) allege Sam Ikkurty (also known as Sreenivas I Rao), of Portland, Ore., and Ravishankar Avadhanam of Aurora, Ill., as well as several corp...
Terra – A ‘Pyramid Scheme’ – Threatens The Crypto Ecosystem, Billionaire Says
The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of a...
Billionaire Bill Ackman Calls Terra a ‘Crypto Version of a Pyramid Scheme’
Billionaire investor Bill Ackman expressed his views on the collapse of the Terra ecosystem, calling it “the crypto version of a pyramid scheme.” “Investors were promised 20% returns backed by a toke...