Latest News Of Ponzi scheme Tag

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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Texas regulator orders crypto firm FxBitGlobe to cease operations

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.

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Law enforcement in South Korea arrest crypto scammers with AI help

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.

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Mastermind behind $300M crypto Ponzi scam in India posts bail

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.

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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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