The securities regulator has levied a new action against BitConnect founder Satish Kumbhani and the lead U.S. promoter after they allegedly defrauded 325,000 BTC from investors.
Moscow police arrested Kirill Doronin on charges of allegedly defrauding $100 million from his investors, although some reports purport the figure could be over $1 billion.
The U.S. Securities and Exchange Commission said it will commence action against a group of well-known online "influencers" associated with the now-infamous BitConnect investment scheme.
OneCoin’s fugitive founder Ruja Ignatova and financier Gilbert Armenta were found by a judge to be in default of the case, after failing to respond to official requests.
Jose Angel Aman was sentenced in December 2020 to seven years in jail, in addition to paying $23 million in victim restitution.
Benjamin Reynolds, the founder of Control-Finance, is accused of misleading investors to believe he would invest their BTC, which authorities said he pocketed.
The Financial Sector Conduct Authority said it’s receiving a large number of complaints from South African investors who have lost their savings through digital currency scams.
The Free Competition Defense Court has ordered Banco Itaú and BancoEstado to open account services for local digital currency exchange Buda.com.
A lawyer representing plaintiffs in a class-action lawsuit against an alleged billion-dollar digital currency scam is calling for forceful action against the perpetrators.
Jose Angel Aman defrauded investors in Canada and the United States from 2014 to 2019, soliciting them to invest in diamond contracts, authorities said.
A Chinese court also fined the PlusToken operators up to $900,000 for their roles in the $2.25 billion Ponzi scheme.