Latest News Of Ponzi scheme Tag
Business 24 May 2019
SEC acts against yet another crypto Ponzi scheme in $26M fraud
California resident Daniel Pacheco is accused of selling unregistered securities through two companies, IPro Solutions LLC and IPro Network LLC.
Business 22 May 2019
$30M Ponzi scheme: SEC shutters dubious diamond-backed ICO
Argyle Coin and its principal Jose Angel Aman are alleged to have been engaged in the scam, under the guise of offering investors a new token backed by diamonds.
Business 3 May 2019
New Zealand church under fire for allegedly helping OneCoin scam
A Samoan church in New Zealand may have helped OneCoin workers convince hundreds in joining their Ponzi scheme.
Business 11 April 2019
Texas regulator orders crypto firm FxBitGlobe to cease operations
The crypto investment firm claims to offer incredible returns between 25% and 75%, which many believe to be an obvious sign of a Ponzi scheme.
Tech 9 April 2019
Law enforcement in South Korea arrest crypto scammers with AI help
Scammers were reportedly arrested—with the help of artificial intelligence (AI)—in South Korea after a running a Bitcoin Ponzi scheme for some time.
Business 5 April 2019
Mastermind behind $300M crypto Ponzi scam in India posts bail
Amit Bhardwaj, founder and CEO of GainBitcoin, was supposedly admitted to Apollo Hospital for dialysis treatment recently. His bail has been granted on medical grounds, according to reports.
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.
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.
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.
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.
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.
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.