Legal • February 22, 2023, 6:34PM EST The founders of Forsage, a decentralized finance crypto investment platform, were indicted for their alleged roles in a $340 million “global Ponzi and pyramid sch...
Tag: Scheme
‘Cryptoqueen’ Wanted for $4,000,000,000 Scheme Murdered on Yacht in 2018 by Bulgarian Mafia: Report
A new report claims that the ‘cryptoqueen’ wanted for her alleged role in the $4,000,000,000 OneCoin scam may have been murdered aboard a yacht in 2018. According to the Bureau for Investigative Repor...
Crypto Investors put their money into pump and dump scheme worth $4.6 billion in 2022
In recent years, cryptocurrency has become a popular way to invest and make money. However, with the rise in the popularity of cryptocurrency, there has also been a rise in fraudulent activity. The ...
Steve Forbes Warns Of “Mischief” Brewing In Key Biden Tax Scheme
Congress last year imposed a 1% tax on stock buybacks. If Apple purchases $1 billion of its stock, it will owe Uncle Sam $10 million. In his interminable State of the Union address, Joe Biden proposed...
Chiefs Defensive Plan Gives The Vikings A Scheme To Follow In 2023
The Vikings need a defensive player like Chris Jones who can cause havoc any time he steps on the … [+] field. (Photo by David Eulitt/Getty Images) Getty Images The outcome of the Super Bowl was...
Whale Associated with Chinese Ponzi scheme Becomes The Fifth Biggest MATIC Holder
According to the on-chain blockchain security and data analytics company PeckShield, a wallet address associated with a Chinese multilevel marketing (MLM) Ponzi project has amassed more than 22.37 mil...
EminiFX CEO Pleads Guilty to $240M Scheme to Defraud Investors
The CEO of a crypto and forex platform pleads guilty to a $248M fraud scheme. EminiFX CEO is facing as much as ten years behind bars for his part in the fraudulent enterprise. According to a press rel...
Crypto, forex platform CEO pleads guilty to $248M fraud scheme
Eddy Alexandre, CEO of purported crypto trading platform EminiFX, has pleaded guilty to commodities fraud in a New York district court, agreeing to pay back millions to investors who lost funds to his...
Chinese-Based Avatar Ponzi Scheme Becomes MATIC Whale
A Chinese MLM Ponzi scheme has become the fifth largest MATIC holder. The project’s transactions have led to increased gas fees on the network. A multilevel marketing (MLM) ponzi project is the fifth-...
Craig Wright Describes Ripple and XRP as a Pyramid Scheme Which Will End Soon
Craig Wright: Outcome of Case Against Bitcoin Developers Will ‘End’ Ripple and XRP. Wright continues on his warpath with Ripple and the XRP community. Australian computer scientist and self-acclaimed ...
Promoter of Crypto Fraud Scheme Forced to Part with $17 Million
A federal judge in the region of San Diego, California has ordered the leader of a crypto fraud scheme to pay as much as $17 million in restitution fees to more than 800 traders and investors that all...
Founder of Crypto Scheme My Big Coin to Serve Over 8 Years in Prison
Randall Crater – the Founder of the fraudulent cryptocurrency business “My Big Coin” – will spend 100 months in jail. Federal prosecutors previously insisted his punishment should have been 13 years....
SEC is treating Ripple like a Ponzi scheme, law professor says
As the widely publicized case in which the United States Securities and Exchange Commission (SEC) is accusing Ripple of illegally selling the XRP token is awaiting its conclusion, one particular law p...
Celsius dubbed Ponzi scheme in official report
The court-appointed independent examiner in the bankruptcy case of crypto lender Celsius has filed a final report, confirming the company’s operation as a Ponzi scheme. Celsius confirmed as a Ponzi sc...
‘Cryptoqueen’ Wanted by FBI for Role in $4,000,000,000 Pyramid Scheme Sells Luxury Apartment in UK: Report
A BBC report says that new transparency requirements in the UK show that Ruja Ignatova, the alleged co-founder of the $4 billion pyramid scheme OneCoin, is the owner of a plush penthouse property in L...
SHIB Army Strikes Back at Former Big SHIB Burner Who Slammed Shiba Inu as Pyramid Scheme
Yuri Molchan CEO of Bigger Entertainment and former SHIB enthusiast stands his ground, calling Shiba Inu pyramid scheme Contents Cooper slams SHIB dev team SHIB account strikes back Steven Cooper, chi...
Amazon Launches $5 A Month Prescription Drug Scheme As It Leaps Further Into Healthcare
Topline Amazon on Tuesday announced a new prescription drug program giving subscribers as many medications as they need for a flat fee, the online retailer’s latest salvo in its bid to lure customers ...
Grogan blasts alleged front-running scheme at Binance
The head of product and business operations at Coinbase, Conor Grogan, slammed Binance for allowing unknown actors to front-run trades. Grogan has claimed to trace patterns stretching for up to 18 mon...
High egg prices due to a ‘collusive scheme’ by suppliers, group claims
Eggs for sale at elevated prices in New York on Jan 21, 2023. Fatih Aktas/Anadolu Agency via Getty Images) Egg prices soared to historically high levels in 2022 — and one group is alleging the trend i...
IMF Recommends 5-Point Crypto Regulation Scheme
As global influencers rubbed elbows at Davos, the IMF issued recommendations for crypto to global regulators. Depending on who you ask, crypto regulation could hurt the industry or open up vast new ma...
‘Crypto is A Decentralized Ponzi Scheme…’: says JPMorgan CEO
In a recent interview with CNBC’s “Squawk Box,” JPMorgan Chief Executive Officer (CEO), Jamie Dimon, talked about Bitcoin (BTC), crypto scheme and blockchain. On January 19th, 2023, Dimon said “Bitcoi...
Suspect Behind $100 Million N.J. Deli Scheme Arrested In Thailand
Topline A man accused of taking part in a scheme that briefly made a small New Jersey deli worth $100 million on paper has been arrested in Thailand, according to multiple reports, and will now face f...
Masterminds Behind Massive Bitcoin Fraud Scheme Jailed
Alex Dovbnya Today marks bittersweet victory for victims of massive Bitcoin fraud scheme as four key figures involved in conspiracy were jailed On Tuesday, the Preston Crown Court handed down jail sen...
In V Global’s $2 B Crypto Pyramid Scheme, CEO gets 25 years
The Pyramid scheme ran from July 2020 to April 2021. Investors were duped of $2.26 billion Other accused get 4 to 14 years; and are appealing. Pyramid schemes are infamous for their deceptively inno...
Over 800 Victims of BitConnect Crypto Ponzi Scheme To Receive $17,000,000 in Restitution, According to U.S. DOJ
More than 800 victims of the collapsed BitConnect crypto Ponzi scheme are set to receive $17 million in restitution, according to the U.S. Department of Justice. A federal district court in San Diego ...
Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme – Bitcoin News
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded tho...
A Seattle tech worker inspired by the movie ‘Office Space’ swiped $300K from his employer in an alleged software scheme — here are the 3 simple ways to protect your money online
A Seattle tech worker inspired by the movie ‘Office Space’ swiped $300K from his employer in an alleged software scheme — here are the 3 simple ways to protect your money online The 1999 c...
US Arrests ‘Mutant Ape Planet’ NFT Creator in $3M ‘Rug Pull’ Scheme to Defraud Crypto Investors – Regulation Bitcoin News
The U.S. government has arrested and charged the creator of “Mutant Ape Planet” non-fungible tokens (NFTs) for allegedly defrauding crypto investors. “The purchasers were ‘rug pulled,’” the Depa...
SEC Charges Creators of Alleged $45,000,000 Crypto Scheme That Promised 500,000X Returns
The U.S. Securities and Exchange Commission (SEC) is charging the team behind the CoinDeal scheme for allegedly defrauding tens of thousands of investors. The SEC filed a complaint against Neil Chandr...
SEC Alleges CoinDeal Being 45 Mn USD Fraudulent Scheme; Charges Eight Individuals and Entities
The accused promised return on investment up to 500,000 times Investigation is still going on by the financial authority officials The United States Securities and Exchange Commission (SEC) recently ...
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...
SEC Investigating $45 Million Blockchain based Crypto Scheme Fraud
According to its Press Release published on January 4th, 2022, U.S. Securities and Exchange Commision “(SEC) charged the creator of the CoinDeal crypto scheme and seven others in connection with $45 M...