Latest News Of Ponzi scheme Tag
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.
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.
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.
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.
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.
Editorial 1 December 2017
Unless Bitcoin fulfills its promises, it is a ponzi
Let’s be logical for a minute, shall we?