Topline U.S. authorities charged 11 people in an alleged international cryptocurrency Ponzi and pyramid scheme that conned millions worldwide to invest more than $300 million on the Forsage platform, ...
Tag: Scheme
SEC Charges 11 In Huge Crypto Pyramid Scheme Worth $300 Million
The U.S. Securities and Exchange Commission had on Monday charged 11 individuals for running a huge global crypto fraud. The accused were involved in creating and promoting a fraudulent crypto pyramid...
SEC Charges Eleven In Multimillion-Dollar Crypto Pyramid Scheme ⋆ ZyCrypto
Advertisement     Like any financial system, the crypto space has its fair share of scams and pyramid schemes. Amidst the growing adoption and emergence of more of the...
SEC charges 11 people in a $300M crypto Ponzi scheme
On Monday, the Securities and Exchange Commission (SEC) announced that it had arrested 11 people for their roles in creating and promoting an alleged crypto pyramid and Ponzi scheme. The scam collecte...
U.S. SEC Charges Forsage Founders for $300M Crypto Pyramid Scheme
The United States Securities and Exchange Commission (SEC) announced Monday that it had filed charges against four individuals alleged to be the founders of Forsage. The securities market regulator al...
SEC Charges Group Behind $300M “Crypto Pyramid Scheme”
Key Takeaways The SEC announced today it was bringing charges against 11 individuals for their role in founding and promoting Forsage, which the agency claims is a crypto pyramid and Ponzi scheme that...
SEC charges 11 people over $300 million crypto Ponzi scheme
The US Securities and Exchange Commission (SEC) has announced that it has filed charges against 11 individuals in connection with a fraudulent crypto project that raised over $300 million from investo...
SEC Charges 11 in Alleged $300M Crypto Pyramid Scheme Forsage
Founders of the alleged scheme were last known to be living in Russia, Indonesia and the Republic of Georgia Fraudsters cannot circumvent securities laws by focusing their schemes on smart contracts a...
CFTC Investigating $1.7 Billion Bitcoin Ponzi Scheme
The U.S. Commodity Futures Trading Commission (CFTC) has filed charges against a company in South Africa and its head executive for allegedly running the biggest crypto-based Ponzi scheme in recorded ...
“Mad Scientist” Calls Ethereum A “Self-Assembled Ponzi Scheme”
– Advertisement – “Mad Scientist” Calls Ethereum A “Self-Assembled Ponzi Scheme,” Says Proof Of Stake Doesn’t Solve Its Problems. A “mad scientist” from Skerry Technologies goes after Et...
Titanium Blockchain Chief Pleads Guilty In $21 Million Crypto Fraud Scheme: US Department of Justice
– Advertisement – CEO of fraudulent crypto firm pleads guilty to securities fraud. A press release by the US Department of Justice (DoJ) on Monday reveals that the CEO of Titanium Blockc...
Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty – Coinotizia
In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liq...
Tax Collector Wants $55 Million From Collapsed Bitcoin Ponzi Scheme MTI — Liquidators Accused of Failing Their Duty – Taxes Bitcoin News
In a fresh twist to the collapsed bitcoin Ponzi scheme Mirror Trading International (MTI) saga, revenue collector South African Revenue Services (SARS) has demanded $55.3 million from the scheme’s liq...
US Court Convicts ‘My Big Coin’ Founder in $6 Million Fraudulent Cryptocurrency Scheme – Regulation Bitcoin News
A federal jury has convicted the founder of “My Big Coin” in a fraudulent scheme that swindled $6 million from cryptocurrency investors. The defendant made several false claims, including that the coi...
Crypto Payments Firm Founder Convicted of Running $6,000,000 Fraud Scheme: DOJ
The founder of a crypto payments firm is being convicted of defrauding investors out of millions of dollars. According to a new Department of Justice (DOJ) press release, Randall Crater, the founder o...
Crypto: A Bernie Madoff-Style Scheme May Have Crushed Prominent Lenders
An unprecedented crisis of confidence has affected the crypto industry for several months. To measure it, just consider the prices of cryptocurrencies, which are often attached to a platform or a pro...
Former Coinbase Manager Indicted in First Crypto Insider Trading Scheme
The United States Department of Justice (DOJ) announced today the indictment of Ishan Wahi, a former Coinbase product manager, his brother Nikhil Wahi, and a friend Sameer Ramani. The trio was charged...
Former Coinbase Employee Arrested in Connection with Crypto Insider Trading Tipping Scheme
The scheme, according to the Department of Justice (DOJ), ran from June 2021 to April 2022. Over the period, they profited from at least $1.5 million in illegal trades. The US Attorney’s Office for th...
Ex-Coinbase Product Manager Arrested For Partaking In An Insider Trading Scheme ⋆ ZyCrypto
Advertisement     A former employee of the American exchange, Coinbase, has been indicted for his part in an elaborate insider trading scheme in the crypto markets. Th...
Ex-Coinbase Manager, Two Others Indicted In Alleged $1.1 Million Crypto Insider Trading Scheme
Topline U.S. authorities on Thursday arrested a former Coinbase employee and two others for allegedly using confidential information from the popular crypto brokerage to commit insider trading—marking...
Three Ways To Avoid A Pump-And-Dump Scheme In Crypto
The credit for the rapid emergence of cryptocurrency could be safely given to social media. But as they say, social media is both a boon and a curse. Well, it is also true in the case of the crypto in...
Steve Forbes Celebrates Scuttling Of Global Tax Scheme
This episode of What’s Ahead cheerfully examines how taxpayers got a break last week when two bad international tax initiatives that have been pushed hard by the Biden Treasury Department got temporar...
Arkansas Resident Alleges Celsius Of Running A Ponzi Scheme –
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How to identify and avoid a crypto pump-and-dump scheme?
Educating oneself about the crypto ecosystem is crucial for investors to pursue during a bear market while awaiting a bull cycle. That being said, having a good understanding of crypto investment enta...
Class Action Lawsuit Accuses Troubled Crypto Exchange Celsius of Running Like a ‘Literal’ Ponzi Scheme
The walls are closing in around one embattled crypto lending platform as a new lawsuit alleges it defrauded investors. Celsius Network, which filed for bankruptcy this week, has now also been sued wit...
Celsius ‘much like a literal Ponzi scheme’, class action suit alleges
Following its filing for bankruptcy just weeks after freezing customer withdrawals, troubled cryptocurrency lending firm Celsius Network LLC has been slapped with a proposed class action suit accusing...
Voyager token skyrockets as VGX pump scheme touted
The native token for the embattled crypto brokerage Voyager Digital has skyrocketed in what seems to be a new effort to inflate its price seemingly inspired by the recent “CEL short squeeze.” On Wedne...
Fatman Broadcasts DOCK’s Shady Pump and Dump Scheme
FatMan’s unknown friend spent $30,000, for promoting DOCK tokens. He advertised the token through crypto shilling video and billboards in cities. According to the latest tweet from FatMan, a Terra For...
FatMan Terra reveals inner workings of alleged DOCK pump and dump scheme
FatMan Terra, in a Twitter thread, revealed how an unnamed “friend” pumped Dock (DOCK) via billboard advertisements and a BitBoy Crypto video. Thought it would be fun to share a story from last year w...
Ponzi Scheme? KeFi CEO Files Lawsuit Against Crypto Broker Celsius
Celsius was described as a Ponzi scam and a fraud by its former business partner. What a statement. Let’s go… On July 7, Jason Stone, the CEO of KeyFi Inc., said that he is pursuing legal action again...
Celsius Former Employee Alleges It Of Running A Ponzi Scheme
A former employer had filed a lawsuit against Celsius for running a Ponzi scheme. The employer had put allegations of crypto market manipulation on Celsius. Celsius recently halted withdrawals d...
Brazil police bust crypto gang tied to illegal mining scheme
The Federal Police of Brazil has carried out an operation against a criminal gang that allegedly used crypto tokens to launder money made from illegal gold mining. The suspects are charged with money ...