Search Results for "ponzi scheme"
CFTC Demands $572 Million in Penalty and Restitution for Bitcoin Scam, Defendant Nowhere to be Found
US CFTC demanded that the founder of the Bitcoin cryptocurrency scam company Control-Finance pay $572 million in penalty and restitution fees for Bitcoin fraud.
Texas Authorities Slap “Bitcoin Pope” and Forex Birds with Cease and Desist Order for Fraudulent Investment Scheme
An emergency cease and desist order has been issued against the “Bitcoin Pope” trader, under allegations of fraudulent cryptocurrency investments.
Ripple’s XRP Crashes Following Pump and Dump Scheme Coordinated by Telegram Group
Ripple’s XRP has crashed following its temporary ascent to $0.74 yesterday.
Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon
A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.
CFTC Charges Four Individuals Behind Alleged Bitcoin Fraud Scheme "Global Trading Club"
The Commodity Futures Trading Commission has charged four people for allegedly soliciting funds from clients to speculate in Bitcoin price movements.
Cryptos Confiscated from $4.2 Billion PlusToken Scam Likely Sold by Chinese Police, says Journalist Colin Wu
China’s crypto journalist Colin Wu believes that Chinese police have sold cryptocurrencies seized from the $4.2 billion PlusToken Ponzi crackdown.
US Justice Department Charges John McAfee with Cryptocurrency Fraud
Antivirus software entrepreneur John McAfee has been charged with fraud and crypto pump and dump scheme offenses by the US Department of Justice, which alleges that he and his accomplices participated in a scheme that earned them more than $16.9 million by fraudulently promoting altcoins to unwitting investors.
DoJ Charges BitClub Promoter for Role in $722 Million Crypto Fraud Scheme
A Californian man pleaded guilty for his involvement in perpetrating BitClub Network, a cryptocurrency mining scheme that generated at least $722 million.
Belgium’s FSMA Blacklists More Crypto Investment Businesses Following Customer Complaints
Belgium’s Financial Services and Markets Authority (FSMA), a body mandated with the oversight and regulation of the nation’s financial services sector, has opted to add more crypto investment businesses to its blacklist for fraudulent activities. According to an official announcement, this decision was sparked by new cries aired by customers about cryptocurrency investment offers meant to swindle them.
Blockstream CEO Criticizes Sushiswap as a "Ponzi" Scheme, Ripple as a "Scam," Litecoin for "Sell the Top"
Blockstream CEO, as the firm supporter of Bitcoin, just issued a series of tweets, criticizing Sushiswap, Ripple and Litecoin.
Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department
The police department of the Haizhou district in Lianyungang, a coastal city in China published a notice on " information verification and registration of investment members of the Baer Chain case” on June 15. According to the notice, the project has been classified as a Ponzi scheme.
Romanian Programmer Confesses to Orchestrating BitClub Crypto Scam Worth $722 Million
Silviu Catalin Balaci, a 35-year old Romanian citizen living in Germany, has owned up to helping create BitClub Network, a crypto mining Ponzi scheme that siphoned off investors’ funds worth $722 million.