advertisement John and Tina Barksdale were charged Tuesday for alleged securities fraud, wire fraud and conspiracies to commit both by selling a cryptocurrency called “Ormeus Coin.” According to a re...
Tag: Scheme
BitConnect Founder Satish Kumbhani Disappears After Being Charged With $2.4 Billion Ponzi Scheme
Satish Kumbhani, the founder of BitConnect, has disappeared from his native India after being charged criminally in the United States by the SEC with a $2.4 billion Ponzi scheme, according to official...
BitConnet’s CEO Flees India After Crackdown Of $2.4 Billion Crypto Ponzi Scheme
The long-standing crypto fraud case against BitConnect, its founder, and promoters is yet to be resolved. The SEC has revealed that Satish Kumbhani, the founder of the crypto exchange, is nowhere to b...
U.S. Department of Justice Indicts BitConnect Founder in $2,400,000,000 Crypto Scheme
A federal grand jury in San Diego just indicted the founder of the BitConnect crypto scheme that allegedly defrauded thousands of investors in the US and abroad. In a statement published on Friday, t...
Ponzi Scam: BitConnect’s Indian Founder Charged In $2.4 Billion Bogus Scheme
A federal grand jury in San Diego charged the founder of a cryptocurrency startup Friday in a broad indictment that claims he cheated investors of more than $2.4 billion in a Ponzi scam. Prosecutors s...
US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect – Regulation Bitcoin News
The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S...
Lana Rhoades accused of major crypto-scam over a failed NFT scheme
TL;DR Breakdown • The porn celebrity reportedly stole over $1.5million in Ethereum.• Lana Rhoades defends herself, claims NFT collections are not always profitable. Recently porn celebrity Lana Rhoade...
BitConnect Founder Satish Kumbani Indicted for Ponzi Scheme
Key Insights: BitConnect founder Satish Kumbhani indicted for Ponzi Scheme In 2021, BitConnect and Kumbhani were sued by the SEC. Penalties for illegal activity are hefty, with some jurisdictions call...
DOJ indicts BitConnect’s Indian founder for $2.4B crypto Ponzi scheme
The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process. According to t...
Federal Grand Jury Indicts BitConnect Founder Over Alleged $2.4B Crypto Scheme
In brief The U.S. Department of Justice announced today the indictment of BitConnect founder Satish Kumbhani. The indictment alleges Kumbhani and his co-conspirators obtained approximately $2.4 billio...
BitConnect founder indicted for alleged $2.4 billion Ponzi scheme
advertisement A federal grand jury has indicted BitConnect founder Satish Kumbhani with allegedly defrauding $2.4 billion through the crypto Ponzi scheme. The US Department of Justice announced on Fri...
Chinese Police Arrests Masterminds, Seizes $8.46M in Crypto Connected to Online Pyramid Scheme
Chinese police officers, specifically those operating from the Pingchuan Branch of the Public Security Bureau of Baiyin City, Gansu Province have cracked a case involving a pyramid scheme that was bui...
Chinese Police Cracks Down On $5 million Ripple Pyramid Scheme
Local authorities in China have continued to target crypto scams in the country. The Chinese police have infiltrated a massive crypto ponzi scheme, arresting several suspects and confiscating digital ...
Russians Fall Victims to a New Fraudulent Scheme
Feb 23, 2022 at 12:30 // News Russian cryptocurrency scammers have developed a new scheme to trick citizens out of their money. They offer cryptocurrencies as gift options for holidays or birthdays. H...
Indian Police Arrest 11 People in Cryptocurrency Scheme Defrauding 2,000 Investors – Regulation Bitcoin News
Indian police have arrested 11 people so far in connection with a fraudulent cryptocurrency scheme that has duped about 2,000 investors out of $5.4 million. 11 People Arrested so Far in Cryptocurrency...
Jake Paul, Soulja Boy, Other Celebs In Hot Water For Pump-Dump Scheme – Is SafeMoon, Safe?
Celebrities Jake Paul, Soulja Boy, and Nick Carter, among others, are being sued for being involved in the SafeMoon crypto scheme. Claims say that the hired stars made “false or misleading statements...
Ponzi scheme behind patriotic vodka, once featured on ‘Fox & Friends,’ scammed investors out of $900,000 to pay IRS and Amex bills, prosecutors say
A Connecticut businessman has pleaded guilty to operating an unpatriotic Ponzi scheme that pocketed $900,000 from investors looking to buy a pro-veteran vodka company. Brian Hughes, 57, of Madison, Co...
India’s RBI Dy Governor Calls Crypto Worse Than A Ponzi Scheme, Calls For Outright Ban
The cryptocurrency tax was the first step taken by the Government of India to bring cryptocurrencies under some form of regulation. However, it seems more is in store, especially taking the statements...
South Korea Jails Seven Masterminds of Country’s ‘Largest Crypto Fraud Scheme’ – Regulation Bitcoin News
Seven executives of the collapsed South Korean scam cryptocurrency exchange, V Global, were recently handed lengthy jail sentences as punishment for their role in running one of the country’s biggest ...
SEC Charges Australian ‘Man Behind the Machine’ in $41M Crypto Fraud Scheme – Coinotizia
The U.S. Securities and Exchange Commission (SEC) has charged an Australian citizen who called himself the “Man behind the Machine” in a fraudulent crypto scheme that raised almost $41 million. He and...
Netflix Orders Crypto Series About a Couple’s Alleged Scheme to Launder $4.5B in Bitcoin Stolen From Bitfinex – Featured Bitcoin News
Netflix has ordered a documentary series about the couple who allegedly laundered billions of dollars from the 2016 Bitfinex hack. Aspiring rapper Heather Morgan and her husband, Ilya “Dutch” Lichtens...
Bitfinex Hack and Bitcoin Laundering Scheme Coming to Netflix
In brief Makers of “Tiger King” and the Fyre Festival documentary “FYRE” are tagged to produce. The series will follow the 2016 Bitfinex hack and the subsequent conspiracy to l...
Take-Two reports results: ‘Q3 isn’t that important in the scheme of Take-Two’
Take-Two Interactive Software Inc (NASDAQ: TTWO) on Monday said its net bookings in the fiscal third quarter were up less-than-expected. The stock slid nearly 3.0% as future guidance also disappointed...
Crypto Loan – No Fee Repayment Scheme Launched by CoinLoan
CoinLoan, a pioneering crypto lending platform, has added instant partial repayments to its offerings. Now, users who take out crypto-backed loans can save on interest without penalties for early repa...
This Avalanche Project Main Dev Was Behind A Ponzi Scheme?
The Avalanche community has seen its fair share of drama in the past days as Wonderland (TIME) hit a new price low. Data from CoinGecko indicates that the token has lost over 90% of its value since No...
Vivaldi CEO: “cryptocurrencies a pyramid scheme”
The CEO of browser Vivaldi, Jon von Tetzchner, has spoken out on crypto claiming that “cryptocurrencies are a pyramid scheme”. Cryptocurrencies are a pyramid scheme Browser manufacturer Vivaldi has p...
Cryptocurrency ‘Nothing More Than A Pyramid Scheme’, Says Browser Boss
Vivaldi boss attacks “unethical” cryptocurrencies getty Vivaldi has become the latest browser maker to take a stand against cryptocurrencies, arguing that they are “nothing more than a pyr...
India Seizes $5 Million Worth Assets in $162M Morris Coin Crypto Ponzi Scheme
The Indian Enforcement Directorate took strict actions against the crimes involving cryptocurrencies; it is a department under the Indian Ministry of Finance. The police in one of the states filed an ...
India Seizes Assets in $162M Morris Coin Cryptocurrency Investment Scheme – Regulation Bitcoin News
Indian Enforcement Directorate has seized assets worth approximately $5 million in connection with an alleged cryptocurrency scam involving Morris coin that has duped investors out of $162 million. Th...