Latest News Of Ponzi scheme Tag

Multi-billion Ponzi scheme PlusToken reportedly dumping crypto

Business 16 August 2019

Multi-billion Ponzi scheme PlusToken reportedly dumping crypto

Known as PlusToken, the Ponzi scheme is reported to have caught as many as 10 million individual investors, with investment totaling $3 billion.

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$28-million crypto Ponzi scheme ends after arrest

Business 9 August 2019

$28-million crypto Ponzi scheme ends after arrest

Harpreet Singh Sahni was arrested by India’s Special Task Force (STF) this week as he was holed up in a hotel in Delhi.

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Malta warns that Emirate Coin Tech likely to be a scam

Business 24 July 2019

Malta warns that Emirate Coin Tech likely to be a scam

Emirate Coin Tech offers terms that seem oddly reminiscient of a Ponzi scheme.

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Venezuelan investors sue $30M diamond-backed crypto Ponzi scheme

Business 17 July 2019

Venezuelan investors sue $30M diamond-backed crypto Ponzi scheme

The Venezuelans are suing Argyle Coin, a cryptocurrency which purports to be backed by diamond reserves.

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South African BTC Ponzi scheme admits it can’t compensate investors

Business 10 July 2019

South African BTC Ponzi scheme admits it can’t compensate investors

Bitcoin Wallet, which by all apperances is an obvious Ponzi scheme, now surprisingly can’t pay back its investors.

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Ponzi scheme victims take their anger out on Tron office

Business 9 July 2019

Ponzi scheme victims take their anger out on Tron office

Protestors, and more than a few victims of the scheme, decided to take out their frustrations on a Tron office in the city of Beijing before police had to be called in to try to restore order.

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OneCoin head denied bond, awaits trial behind bars

Business 1 July 2019

OneCoin head denied bond, awaits trial behind bars

The alleged head of a Ponzi scheme was denied bail after the court deemed he has the resources and connections needed to run from the law.

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CFTC to pursue defunct UK fraud crypto scheme firm, founder

Business 19 June 2019

CFTC to pursue defunct UK fraud crypto scheme firm, founder

The U.S. regulator is taking action against the now-defunct Control-Finance Limited and its director in connection with the alleged frauds.

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Australian securities regulator warns investors against ‘scam’ OneCoin

Business 29 May 2019

Australian securities regulator warns investors against ‘scam’ OneCoin

The Australian Securities and Investment Commission warned the public in a notice that it suspected OneCoin “could be involved in a scam.”

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SEC acts against yet another crypto Ponzi scheme in $26M fraud

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.

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$30M Ponzi scheme: SEC shutters dubious diamond-backed ICO

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.

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New Zealand church under fire for allegedly helping OneCoin scam

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.

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