South Korea: Top executives of scam V Global exchange convicted
Convicted employees of the now-defunct V Global exchange have risen to seven, with two C-level executives being the latest to face court and jail sentences of up to eight years.
Convicted employees of the now-defunct V Global exchange have risen to seven, with two C-level executives being the latest to face court and jail sentences of up to eight years.
Gemini was among the many digital asset companies offering Earn accounts but with the contagion hitting its business partner Genesis, it suspended the accounts.
Police in Hong Kong suspect that the AAX's scheduled "system maintenance" that led to funds being unable to be withdrawn was a means to defraud customers of their digital assets.
Just a day after his extradition from the Bahamas to New York City, FTX CEO Sam Bankman-Fried was freed on a US$250 million bond, although he'll have to remain under virtual house arrest.
The SEC blacklisted PH-IGM, Gameloot, and Vertex Evo Trading, for breach of securities law and operating like a Ponzi scheme.
Karl Sebastian Greenwood served as OneCoin’s “global master distributor” and was the head of the multi-level marketing scheme, earning GBP20 million each month, according to court documents.
Forcount Trader Systems Inc. investors were lured in by the opportunity to earn rewards from a referral program, a ploy that the SEC says was designed to keep the Ponzi scheme running.
Edvard Sabirov's extradition is making headways following his arrest on suspicion of being involved in a digital asset Ponzi scheme, the Interpol has announced.
The $44 million was held in its custodial accounts, which, according to its Terms and Conditions, wasn’t under its ownership and interest-bearing account holders have been left out to dry.
If tried in his home country of Luxembourg, Frank Schneider will face up to five years in prison, but extradition to the U.S. could see him face 40 years in prison.
Judge Michael Fitzgerald dismissed the suit on the ground that investors failed to do their background research before investing in the project.
The securities regulator said Hero Mining does not have the required license to offer investment contracts, warning members of the public of potential losses from the company's Ponzi-like scheme.