Pumping Parrots NFT collection is in the news due to its marketing strategy, which many have described as a pyramid scheme. Unlike most NFT collections that market their utilities, Pumping Parrots ma...
Tag: Scheme
Was Terra (LUNA) Massive Rally A Pump and Dump Scheme or Or Has a Real Use Case
The cryptocurrency LUNA, which powers the Terra ecosystem, is currently experiencing an unusual spike in its price. After a long accumulation and controversies, the LUNA price sharply increased over t...
Crypto Ponzi scheme mastermind pleads guilty to $100m fraud allegation
Join Our Telegram channel to stay up to date on breaking news coverage According to the Department of Justice, an employee of a crypto firm, EmpiresX, has pleaded guilty to an allegation of engaging i...
Florida Man Pleads Guilty to Stealing $100 Million in Crypto Ponzi Scheme
A Florida man pleaded guilty in federal district court on Thursday to participating in a cryptocurrency-based Ponzi scheme that defrauded investors of approximately $100 million, the Department of Jus...
Florida man pleads guilty to securities fraud charge in $100 million crypto Ponzi scheme
A Florida resident pleaded guilty to a securities fraud conspiracy charge in a case involving a crypto Ponzi scheme said to have netted as much as $100 million from customers. The Department of Justic...
Thousands Tune in to Fake Apple Crypto Scheme on YouTube: Report
Tens of thousands of crypto fans tuned in to watch someone live stream an old interview with Apple CEO Tim Cook, according to a report from The Verge. Promising phoniness from the get-go, the first a...
Saudi Air Connections Take Off, Thanks To Government Subsidy Scheme
A Saudi Arabian Airlines Boeing 787-9 Dreamliner leaving Malaga Costa del Sol airport, Spain on … [+] August 21, 2022 (Photo: Fabrizio Gandolfo/SOPA Images/LightRocket via Getty Images) SOPA Ima...
US SEC Accused ‘Mother Teresa’ of South Florida to Run a Ponzi Scheme
On Tuesday, September 6th, 2022, South Florida resident Johanna M. Gracia reported being accused by the US SEC. According to the agency, the lady was responsible for running a Ponzi Scheme. Gracia is ...
Ponzi Scheme Generates $100K In Crypto
The fake Ponzi scheme raised over $100,000 The scheme achieved this feat in just a few hours Crypto influencer FatManTerra created the fake scheme to build awareness Crypto resources give higher bene...
She called herself the Mother Teresa of Florida small-business lending, but investigators say she was really running a $194 million Ponzi scheme
Johanna Garcia claimed her merchant cash-advance business was so helpful to small businesses in Florida that she was like the Catholic saint Mother Teresa. But to the 15,400 investors who sank $194.1 ...
Crypto Lender Celsius Resembled Ponzi Scheme at Times, Vermont Regulator Says
“During the course of the multistate investigation, it has become clear that Celsius, through its CEO Alex Mashinsky and otherwise, made false and misleading claims to investors about, inter ali...
Crypto Influencer Raises Illegal Funds through Ponzi Scheme
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Ponzi Scheme Generates $100K In Crypto Through Awareness Move
Crypto assets provide higher profits than traditional investments but with proper investment plans and actions. It is one of the areas where an investor could make over 100% gains with less stress des...
Trezor and Wasabi to Implement a Coinjoin Mixing Scheme Into Hardware Wallets – Privacy Bitcoin News
This week, the hardware wallet manufacturer Trezor, and the non-custodial bitcoin wallet with a built-in Coinjoin mixer, Wasabi, revealed the two teams are working together to introduce Coinjoin mixin...
Juul To Pay $438 Million To Settle Probe Into Underage Marketing Scheme
Topline Electronic cigarette giant Juul Labs agreed to pay $438.5 million on Tuesday to settle a lawsuit brought by 33 states and Puerto Rico, ending a two-year investigation into claims the company m...
Bed Bath & Beyond CFO accused of “pump and dump” scheme before falling to his death from NYC skyscraper
A Bed Bath & Beyond executive who plunged to his death on Friday stood accused in a lawsuit—along with activist investor Ryan Cohen—of participating in a “pump and dump” scheme to artificially inf...
Constitutional Court Says Central African Republic’s Sango-Coin-for-Citizenship Scheme Is Illegal – Featured Bitcoin News
A constitutional court in the Central African Republic has reportedly ruled that the Touadéra government’s offer of land and citizenship to buyers of the sango coin is unconstitutional. The court said...
SEC Uncovers $300 Million Crypto Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) has charged 11 individuals for their roles in an alleged crypto Ponzi scheme that may have taken as much as $300 million from investors. A Crypto Ponz...
Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi Scheme – Featured Bitcoin News
After reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing unnamed “ignorant people” of wo...
How to tell if a cryptocurrency project is a Ponzi scheme
The crypto world has experienced an increase in Ponzi schemes since 2016 when the market gained mainstream prominence. Many shady investment programs are designed to take advantage of the hype behind ...
Miami Crew Faces 30 Years in Prison for Running a Fraudulent Crypto Scheme
The US Department of Justice (DOJ) charged three residents of Miami – Esteban Cabrera Da Corte, Luis Hernandez Gonzalez, and Asdrubal Ramirez Meza – with defrauding banks and a cryptocurrency platform...
Argentine Presidential Candidate Sued Over Alleged Crypto Ponzi Scheme
Argentina’s eccentric Bitcoiner presidential candidate is being sued for allegedly promoting a crypto ponzi scheme. Javier Milei, a top contender to be the next president of Argentina, last year uplo...
Argentine Presidential Candidate Sued for Allegedly Promoting Crypto Ponzi Scheme
According to local media, investors are holding Milei personally responsible for their losses. Argentine presidential candidate Javier Milei is being sued for allegedly promoting a crypto scam. In Dec...
Argentina Presidential Candidate Sued for Promoting a Crypto Ponzi Scheme
Javier Milei – one of the main contestants to become Argentina’s new President – has been caught in the crossfire for advertising the cryptocurrency investment platform CoinX. The company promised hug...
Indian police probes BitConnect founder over the fraudulent scheme
Indian police have decided to probe the alleged founder of the crypto Ponzi project, BitConnect, Satish Kumbhani. The Indian state Maharashtra Police moved after filing by a Pune-based lawyer, accusin...
Allen Weisselberg—Longtime Trump Organization CFO—Pleads Guilty In Tax Scheme
Topline Allen Weisselberg, a longtime Trump Organization CFO, pleaded guilty to 15 criminal tax fraud charges Thursday—admitting to conspiring in a scheme to avoid paying taxes on corporate benefits—m...
Israel Arrests 3 in Crypto Scheme to Launder Millions Stolen From France – Bitcoin News
Police in Israel have detained three suspects who allegedly laundered millions of euros stolen from the French treasury through cryptocurrency transactions. The money came from government grants for b...
Celsius CEO Accused of Controlling Crypto Company’s Trading Scheme and Placing Bad Bets – Bitcoin News
According to a recent report published on Tuesday, the Israeli-American founder and CEO of Celsius Network, Alex Mashinsky, was in charge of the company’s trading strategy. The report, citing multiple...
Australian Securities Exchange completes world-first blockchain settlement scheme test
The Australian Securities Exchange (ASX), one of the world’s leading securities exchanges has successfully completed the world’s first blockchain settlement scheme as the entity seeks to streamline op...
Three Suspects Arrested In Israel With Multi-Million Crypto Laundering Scheme Targeting French Treasury
– Advertisement – Three Suspects were Arrested In Israel with a multi-million crypto laundering scheme to trick the French treasury. Israeli authorities have taken into custody three peo...
CFTC sues Ohio man over crypto Ponzi scheme
The United States Commodity Futures Trading Commission (CFTC) has instituted a lawsuit against New Albany’s Rathnakishore Giri. The agency extended the lawsuit to hIs companies, SR Private Equity, LLC...