Forsage scheme continues despite SEC investor warnings
Forsage has no legal standing to accept investments, or to sell investment products to the public, regulators in the Philippines said.
Latest Ponzi scam News
CFTC, South Korea crack down on fraud crypto scheme
The CFTC and the South Korean gov’t are pursuing Ben Reynolds, the operator behind Control-Finance crypto scam who’s vanished since he defrauded 1,000+ clients.
Alleged GainBitcoin scam kingpin offers to repay investors in Indian rupees
Amit Bhardwaj, the alleged mastermind behind the GainBitcoin scheme, has offered to pay back investors their initial investments—in Indian rupees.
Arrests made in $13M Chinese crypto pyramid scam
Authorities in China have arrested four people in the city of Xi’an in connection with a suspected cryptocurrency pyramid scheme, according to local media reports.