The Commodity Futures Trading Commission (CTFC) is charging an Ohio man for soliciting over $12 million and 10 Bitcoin (BTC) in an alleged Ponzi scheme. According to a new press release, the CTFC is t...
Tag: Scheme
Billionaire Mark Cuban Sued for Allegedly Promoting a Massive Crypto ‘Ponzi Scheme’ – Featured Bitcoin News
Shark Tank star and the owner of the NBA team Dallas Mavericks, Mark Cuban, is facing a class action lawsuit for promoting Voyager Digital’s crypto products. The plaintiffs claim that Voyager was “a m...
CFTC Files Charges Against Mastermind Of $12 Million Bitcoin Ponzi Scheme ⋆ ZyCrypto
Advertisement     The Commodities Futures Trading Commission (CFTC) has filed charges against an Ohia man and his companies for misappropriating more than $12 million ...
CFTC charges Ohio Man for running a $12M BTC Ponzi scheme
An Ohio resident who ran a $12 million Ponzi scheme involving bitcoin has been fined by the US Commodities Futures and Trading Commission (CFTC). According to a complaint filed by the CFTC at a distri...
CFTC Charges Rathnakishore Giri For Executing a $12 Million ‘Bitcoin Ponzi Scheme’
Rathnakishore Giri and his two companies, SR Private Equity LLC(Limited Liability Company) and NBD Eidetic Capital LLC, were charged for running Bitcoin Ponzi Scheme. CFTC (U.S Commodities Futur...
CFTC Sues Ohio Resident Rathnakishore Giri Fraudster Involving in a $12M Ponzi Scheme
The U.S. Commodity Futures Trading Commission (CFTC) has charged Ohio resident cryptocurrency scammer Rathnakishore Giri and his company with illegally defrauding up to $12 million in a Ponzi-like sch...
CFTC Files Charges Against $12 Million ‘Bitcoin Ponzi Scheme’
The Commodity and Futures Trading Commission today filed a civil enforcement action against a man for allegedly running a $12 million Bitcoin ponzi scheme to fund his lavish lifestyle. In a Friday st...
Are Mark Cuban and Voyager Digital in a Ponzi Scheme?
Dallas Mavericks Funding in Bitcoin A class-action complaint against the defunct cryptocurrency brokerage company Voyager Digital and billionaire investor and owner of the Dallas Mavericks Mark Cuban ...
Crypto Exchanges Under Probe In India For $125 Million Laundering Scheme
India’s financial crime-busting agency is now zooming its lens on more than 10 cryptocurrency exchanges in the country for what it believes is illegally moving more than 10 billion rupees ($125 millio...
A Crypto Ponzi Scheme: Kazakhstan Fraudsters Withheld 16% of the Guests’ pay
Kazakhstan’s Financial Monitoring Agency has launched a preliminary inquiry into a cryptocurrency mining operation that is reportedly operating as a financial pyramid scheme as part of increased...
Mark Cuban, Mavericks in hot water over Voyager ‘Ponzi scheme’
Lawsuits from disgruntled investors are beginning to stack up after crypto prices plummeted over the past few months, leaving them with steep losses. Billionaire Mark Cuban is the latest celebrity on ...
Mark Cuban and Voyager chief ran crypto ‘Ponzi scheme,’ lawsuit claims
A new lawsuit claims Mark Cuban played a pivotal role in shilling now-defunct Voyager Digital’s unregistered securities, duping investors in a ‘Ponzi scheme’ that lost them billions. Voyager was “as c...
Ex-Advisor Sentenced to 22 Years in Prison for Ponzi Scheme
A former financial advisor was sentenced to nearly 22 years in prison for operating a Ponzi scheme that swindled $9.3 million from investors, according to the U.S. Attorney’s Office for the Northern D...
SEC Hits 11 People With Charges in Alleged $300,000,000 Crypto Ponzi Scheme
The U.S. Securities and Exchange Commission (SEC) is slapping fraud charges against eleven individuals behind the Forsage blockchain platform. The SEC says that the eleven allegedly “created, operated...
SEC Charges ‘Fraudsters’ in $300 Million ‘Crypto Pyramid and Ponzi Scheme’
The Securities and Exchange Commission has charged 11 people for their roles in what the agency is calling a “fraudulent crypto pyramid and Ponzi scheme.” Forsage allegedly raised more than $300 mill...
11 Individuals Over $300M Crypto Pyramid Scheme
SEC files a lawsuit against the founders and promoters of Forsage The charges were laid in a US District Court in Illinois The defendants have been charged with Fraud under Section 10 B-C The Securit...
SEC Charges 11 Fraudsters in $300M Crypto Ponzi Scheme
The US SEC notes that Forsage was running a standard pyramid scheme and earned profits by recruiting others. On Monday, August 1, the US Securities and Exchange Commission (SEC) filed a civil complain...
SEC Busted Alleged Crypto Ponzi Scheme Worth 300mn USD
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SEC Charges 11 Individuals in $300M Crypto Ponzi Scheme Forsage – crypto.news
The SEC has filed charges against the team behind Forsage, alleging that they ran a crypto pyramid and Ponzi scheme, which may have resulted in losses for investors totaling more than $300 million glo...
SEC charges founders and promoters of alleged $300M Ponzi scheme
The US Securities and Exchange Commission (SEC) has filed charges against 11 individuals linked to a crypto pyramid scheme known as Forsage. The individuals behind the project managed to solicit over ...
SEC Accuses 11 People for Promoting Crypto Pyramid Scheme
43 mins ago | 2 mins read Editors News Forsage has collected $ 300 million from millions of investors around the world. The website already has allegations in the Philippines and Montana. The U.S Secu...
SEC charges Forsage founders, promoters in $300 million crypto Ponzi scheme lawsuit
On Monday, the Securities and Exchange Commission charged 11 people as part of an alleged $300 million global crypto pyramid and Ponzi scheme. Retail investors were allegedly bilked by Forsage, which ...
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
The Securities and Exchange Commission (SEC) has charged 11 individuals for their alleged role in the creation of a “fraudulent crypto pyramid scheme” platform Forsage. The charges were l...
SEC Sues 11 Individuals involving Forsage Crypto Ponzi Scheme
The United States Securities and Exchange Commission (SEC) has filed charges against 11 alleged masterminds of the popular Forsage crypto pyramid and Ponzi scheme. As announced by the commission, the ...
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme – Coinotizia
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly r...
SEC Charges Eleven Individuals Linked to the Crypto Pyramid Scheme Forsage
On August 01, the Securities and Exchange Commission of the United States charged 11 individuals for promoting and participating in a crypto pyramid scheme called Forsage, through which they managed t...
How The SEC Uncovered A $300 Million Crypto Pyramid Scheme
According to a press release issued by the U.S. Securities and Exchange Commission (SEC) on August 1st, eleven people have been charged for their roles in creating and promoting Forsage, a fraudulent ...
SEC Charges 11 People in $300 Million Forsage Crypto Pyramid and Ponzi Scheme – Regulation Bitcoin News
The U.S. Securities and Exchange Commission (SEC) has charged four founders and seven promoters of Forsage, which it described as “a fraudulent crypto pyramid and Ponzi scheme.” The scheme allegedly r...
US SEC charges 11 for role in $300M Forsage crypto pyramid scheme
The US Securities and Exchange Commission (SEC) charged eleven people on August 1 for their involvement in Forsage, a fraudulent crypto pyramid scheme that raised $300 million from investors around th...