Search Results for "pyramid scheme"
Bitcoins Used in Facebook Scheme to Scam Suicidal Victims Into Buying Drugs
A cybercriminal ring operation has been inciting Facebook users to employ Bitcoin and other cryptocurrencies, in exchange for drugs. This investigative report from the UK depicts the strategic techniques used to track down the unknown villains operating behind this devious scheme.
US CFTC Charges New York Crypto Trader with Fraud Involving Digital Asset Ponzi Scheme
A New York native has been charged with fraud for allegedly scamming $5 million from more than 175 investors using a crypto Ponzi scheme.
RyanAir CEO Declares Bitcoin a Ponzi Scheme, Urges Public Boycott
RyanAir CEO Michael O’Leary has declared Bitcoin (BTC) a Ponzi scheme and has urged the boycott of the premier digital currency.
PlusToken Crypto Scam Masterminds to Serve 11 Years in Prison
The ringleaders of the PlusToken Ponzi Scheme have been charged with 11 years of prison after they stole cryptocurrencies worth 14.8 billion yuan.
IOHK Chief Scientist Discusses the Advantages of Cardano's Rewards Sharing Scheme
Chief Scientist of IOHK and Cardano project owner Aggelos Kiayias thinks that decentralization may be Cardano's most important goal.
China-Based Crypto Ponzi Scheme Generates $1 Billion Before Being Flagged
A cryptocurrency Ponzi scheme was reported by Chinese law officials, but not before fraudsters reaped more than $1 billion profit from it.
OCC’s Brian Brooks Proposes ‘Country Coin’ Crypto Scheme to Close Global Wealth Gap
Brian Brooks, the acting Comptroller of the Currency, has a big crypto proposal to close the wealth gap between developing and developed nations - it's called “country coin.”
ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme
Australian Securities and Investments Commission (ASIC) has officially banned a former National Representative of BitConnect from providing financial services for seven years.
New Crypto Fraud Scheme In South Korea: What Rules Are in Place to Stop False Advertising?
The Ponzi scheme disguised as a crypto platform managed to acquire over $380 million USD for the CEO and other company staff. Corner Up was promising estimated returns of up to 200% to investors for each investment made.
Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion
Chinese authorities have arrested all 27 primary criminal suspects involved in the Plus Token Ponzi scheme that defrauded nearly 40 billion Chinese yuan, approximately $5.7 billion from victims.
Couple Charged by the SEC for Defrauding 500 Investors in Fraudulent Water-Backed Cryptocurrency Scheme
The Securities and Exchange Commission (SEC) has persecuted a former Texan pastor and his spouse for allegedly conning hundreds of innocent investors. The SEC said that the Texas couple used alkaline water-backed crypto, TeshuaCoin, to con the investors.
Bitclub Crypto Ponzi Scheme Suspects Petition Court For Release Citing Coronavirus Fears
Two men accused of operating a crypto Ponzi scheme, the BitClub Network, which defrauded thousands of investors out of $722 million, have requested a New Jersey federal court to grant them a temporary release. The two prisoners have petitioned a New Jersey federal judge as they fear they could contract the coronavirus if they are not freed from the enclosed county jail environment.