A rags to riches man was embroiled in an alleged Ponzi scheme, with investors accusing him of ripping them off worth billions of assets, which is suspected to have funded his extravagant lifestyle.
Scams are rising in the 'crypto' space, as authorities urge users to be wary of blockchain's anonymity feature, which suspects use as a tool to siphon funds without exposing their identities.
Forsage has no legal standing to accept investments, or to sell investment products to the public, regulators in the Philippines said.
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.
Amit Bhardwaj, the alleged mastermind behind the GainBitcoin scheme, has offered to pay back investors their initial investments—in Indian rupees.
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.
