Latest News Of Ponzi scheme Tag

Canadian securities regulator warns of suspicious crypto exchange

Business 14 March 2019

Canadian securities regulator warns of suspicious crypto exchange

The British Columbia Securities Commission (BCSC) has issued a warning against Canada Bitcoin Exchange Inc.

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UK-based crypto platform Cubits could be facing closure

Business 13 December 2018

UK-based crypto platform Cubits could be facing closure

The UK-based cryptocurrency trading platform Cubits was one of several that lost a considerable amount of money from fraudulent activity this year.

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Million-dollar crypto Ponzi scheme in India busted

Business 14 November 2018

Million-dollar crypto Ponzi scheme in India busted

A cryptocurrency Ponzi scheme operating out of India has now been stopped in its tracks. Ambidant allegedly targeted Muslim investors, promising huge returns in Halal investments. In actuality, it was nothing more than a ruse to scam investors out of their money.

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NY court orders crypto scammer to pay $3 million

Business 19 October 2018

NY court orders crypto scammer to pay $3 million

The New York Southern District Court has ordered the perpetrator of a BTC Ponzi scheme to pay about $3 million in penalties and restitution.

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Police in India crack $300M GainBitcoin scam

Business 16 July 2018

Police in India crack $300M GainBitcoin scam

Indian police investigators working on the GainBitcoin Ponzi scheme, which cost investors around $300 million, are saying that they have made great strides in solving the case.

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‘Negligent’ YouTube named defendant in Bitconnect lawsuit

Business 9 July 2018

‘Negligent’ YouTube named defendant in Bitconnect lawsuit

Google-owned YouTube was charged with negligence in connection with its alleged failure to protect or warn its users that Bitconnect was a scam.

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Turcoin founders flee Turkey with millions in investors’ money

Business 20 June 2018

Turcoin founders flee Turkey with millions in investors’ money

Turkish investors are reeling from reports that the founders of Turcoin, described as Turkey’s “national” crypto, fled the country with their money.

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Vietnamese startup swindles $660M with 2 ICO projects: report

Business 11 April 2018

Vietnamese startup swindles $660M with 2 ICO projects: report

Modern Tech has gone dark after allegedly defrauding 32,000 people out of $660 million in connection with two initial coin offerings, according to local reports.

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The USI Tech conundrum—is it a pyramid scam or not?

Business 27 February 2018

The USI Tech conundrum—is it a pyramid scam or not?

One of the schemes that has had quite a bad press is the one run by Dubai-based USI Tech, which has already abandoned operations in the U.S. and Canada.

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Goodbye Ponzi’s? Swiss FINMA’s newly released ICO guidelines can possibly eradicate pump and dump exit scams

Business 21 February 2018

Goodbye Ponzi’s? Swiss FINMA’s newly released ICO guidelines can possibly eradicate pump and dump exit scams

Promises of repayment and guarantees of returns will now require a banking license.

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Unless Bitcoin fulfills its promises, it is a ponzi

Editorial 1 December 2017

Unless Bitcoin fulfills its promises, it is a ponzi

Let’s be logical for a minute, shall we?

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