According to the National Consumer Commission, about 4,000 South Africans who invested in a bitcoin mining equipment supplier, Obelisk, may have participated in a pyramid scheme. The commission said p...
Tag: Scheme
US Alleges 5 Russian Nationals Used Crypto as Part of Sanctions Evasion, Smuggling Scheme
Yury Orekhov, Artem Uss, Svetlana Kuzurgasheva (also known as “Lana Neumann”), Timofey Telegin and Sergey Tulyakov are being charged with attempting to evade sanctions against Venezuelan oil producers...
Is Richard Heart’s HEX Crypto a Ponzi Scheme?
HEX crypto marked a 948,000% rise, since its launching in the year 2019. HEX project has given an average of 38% returns, seems like a lucrative business. The official website of HEX clarified that th...
California man indicted for laundering crypto in drug trafficking scheme
The Department of Justice announced charges against a California man Friday over allegedly attempting to launder drug trafficking proceeds through crypto channels. John Khuu allegedly distributed fake...
$767M Pyramid Scheme Shut Down, Crypto Daily TV 10/10/2022
In Todays Headline TV CryptoDaily News: $767M crypto pyramid scheme. Hundreds of police officers took to the streets of six Brazilian cities to serve search and seizure warrants against Francisley Val...
Brazil Police Uncover $766M Crypto Ponzi Scheme Fraud
2 hours ago | 2 mins read Bitcoin News Brazilian law enforcement officers searched the home of da Silva and his accomplices. Celebrities like model Sasha Meneghel lost almost $230,000. The activities ...
Brazilian Police Issue Warrants Against Alleged Leader of $767M Crypto Pyramid Scheme
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SEC Shuts Down Fraudulent Crypto Firm Over Ponzi Scheme
9 hours ago | 2 mins read Bitcoin News CryptoFX was able to amass over $12 million from over 5,000 investors. More than 90% of the monies was used by Chavez to maintain his extravagant lifestyle. A fa...
Two Firms charged for Alleged Crypto Pump and Dump Scheme
Two firms made false claims that led investors into investing in a fraudulent scheme The false promotion of the token gathered proceeds of over $36 million DIG was delisted from the Livecoin platform ...
Ultron: the DeFi token with a pyramid scheme
Ultron (ULX) is the DeFi token with a pyramid scheme project behind it, claimed by many as a new gem. But is it really? Ultron (ULX): the DeFi token sponsored by Mavie Global using a pyramid scheme R...
US SEC Charges Two Firms for Alleged Crypto Pump and Dump Scheme
The United States Securities and Exchange Commission (SEC) has accused two companies, their executives, and a supposed international gold trader, of running a fraudulent scheme to boost demand for the...
SEC Charges 2 Firms and 4 Individuals in Crypto Pump-and-Dump Scheme – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has taken action against two firms and four individuals allegedly perpetrating a crypto pump-and-dump scheme. “Although this case involves crypto asse...
SEC Blames Hydrogen Tech and it ‘market maker’ MoonWalk for Manipulating Crypto Market in Token Scheme
SEC charged Hydrogen token and MoonWalk for using airdrops and reward programs to promote Hydro token. The SEC(United States Securities and Exchange Commission) has disclosed t...
This latest pump-and-dump scheme left SEC, OSC to file fraud charges
The U.S. Securities and Exchange Commission (SEC) and the Ontario Securities Commission (OSC) filed parallel charges against two organizations. They are Bermuda-based Arbitrade Ltd and Canada-based Cr...
SEC alleges fintech and ‘market maker’ firms manipulated crypto market in token scheme
The United States Securities and Exchange Commission, or SEC, has announced charges against Hydrogen Technology Corporation and its market marker Moonwalkers Trading Limited related to allegedly perpe...
Iran Launches Central Bank Digital Currency Scheme With Local Banks And Shops
Bank Melli staff at the bank’s stand at the 26th International Oil, Gas, Refining and Petrochemical … [+] Exhibition in Tehran on May 13, 2022. (Photo: Morteza Nikoubazl/NurPhoto via Getty...
$5.6 Billion Crypto Money-Laundering Scheme Cracked Down
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Binance Froze $1.5M Ties To Money Laundering Scheme
India’s law enforcement agency Directorate of Enforcement (ED) froze over $1,5 million deposited in crypto exchange Binance. The funds were deposited in Bitcoin via a transaction tie to crypto exchang...
China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)
Law enforcement agents from Hengyang (a city in the southern Chinese province Hunan) have reportedly busted a criminal group that employed cryptocurrencies to launder 40 billion yuan (approximately $5...
Three men charged with fraud in $100 million New Jersey deli scheme
Hometown Deli, Paulsboro, N.J. Mike Calia | CNBC Three men were charged with fraud and other crimes in a scheme involving a company that was worth $100 million in the stock market despite having only ...
JPMorgan’s CEO says crypto is just some new Ponzi scheme
Join Our Telegram channel to stay up to date on breaking news coverage JPMorgan Chase Leader Jamie Dimon alluded to himself as a significant skeptic of virtual currency tokens that users call currency...
Crypto is a ‘decentralized Ponzi scheme’- This CEO has bitter stance
Jamie Dimon, the man at the helm of United States’ largest bank J.P Morgan Chase, made some rather controversial statements at 21 September’s congressional hearing called “Holding Megabanks Accountabl...
Jamie Dimon told Congress that crypto is nothing but a ‘decentralized Ponzi scheme’
Cryptocurrencies are dangerous “Ponzi schemes” that put billions of dollars at risk every year, JPMorgan CEO Jamie Dimon declared in a scathing review of the volatile digital assets. In congressional ...
JPMorgan CEO Slams Crypto Again, Calls Bitcoin ‘Decentralized Ponzi Scheme’
Jamie Dimon – Chief Executive Officer of JPMorgan Chase & Co. – reiterated his negative stance on the crypto industry, describing bitcoin and other digital assets as “decentralized Ponzi schemes.”...
Bitcoin Bull Max Keiser Blasts Ethereum As A ‘Centralized Ponzi Scheme’ As ETH’s Supply Increases Post-Merge ⋆ ZyCrypto
Advertisement     One of Bitcoin’s most vocal advocates, Max Keiser, has once again criticized ethereum in the wake of the much-anticipated upgrade to the world’s seco...
U.S. Must Contain Fallout From Crypto-Zone Scheme On Nuked Pacific Island
TO GO WITH Marshalls-US-nuclear-health by Giff Johnson This undated aerial photo received on March … [+] 4, 2010 shows Rongelap Island, one of more than 60 in a necklace of coral islands that wa...
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison – Regulation Bitcoin News
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, ...
NEOM To House Saudi Arabia’s Largest Studio With An Industry Leading Production Incentive Scheme
NEOM MEDIA VILLAGE – SAUDIA ARABIA: Sound stage interior. NEOM Media Village NEOM, the highly anticipated futuristic region in northwest Saudi Arabia by the Red Sea that is currently being devel...
Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US – Regulation Bitcoin News
The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants all...
Crypto Scammers Steal $11 Million From a Pyramid Mining Scheme
Join Our Telegram channel to stay up to date on breaking news coverage Mayama Kesselly, a teacher in Pennsylvania, claimed she was dubious when a coworker pushed her about a potential investment in cr...