09-08-2025 
Ponzi Scheme
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10 March, 2022
Ormeus Coin: Siblings face charges over $124M digital currency fraud
Federal authorities said the two siblings marketed Ormeus Coin through roadshows and YouTube videos, falsely claiming to be backed by...
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7 March, 2022
BitConnect founder indicted over $2.4B Ponzi scheme has vanished: SEC
The U.S. securities regulator says Satish Kumbhani can’t be located and has likely relocated from his homeland India to an...
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2 March, 2022
BitConnect founder indicted over $2.4B Ponzi scheme, faces 70 years in prison
A San Diego court charged Satish Kumbhani with wire fraud, conspiracy to commit commodity price manipulation, and international money laundering.
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25 February, 2022
BitConnect victims can proceed with lawsuit vs scam’s promoters, appeals court rules
The 11th Circuit Court of Appeals overturned an earlier judgment which threw out the class-action lawsuit against the promoters as...
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18 February, 2022
Digital currencies are ‘akin to Ponzi Schemes’: RBI deputy
Deputy Governor T. Rabi Sankar at the Reserve Bank of India likened digital currencies to Ponzi schemes and said banning...
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6 December, 2021
Coin Signals man pleads guilty to $5M BTC Ponzi scheme, faces 10 years in prison
Jeremy Spence, 25, posed as a successful trader, lured investors and made off with over $5 million, according to the...
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