Ponzi Scheme

Ruja Ignatova’s security advisor Frank Schneider is on the run
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9 June, 2023

Ruja Ignatova’s security advisor Frank Schneider is on the run

Frank Schneider, who previously told 100.7 that if OneCoin "was fraud and money laundering, I must be responsible," was arrested...
SEC agrees $35M settlement with fraudulent digital asset hedge fund EmpiresX
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23 May, 2023

SEC agrees $35M settlement with fraudulent digital asset hedge fund EmpiresX

The nearly $35 million disgorgement was tied to the defendants' role in a Ponzi scheme that took an estimated $100...
Philippines SEC flags Platinum Coin Pawnshop over illegal investment scheme
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15 April, 2023

Philippines SEC flags Platinum Coin Pawnshop over illegal investment scheme

Platinum Coin has been leveraging social media to sell unregistered securities to the public and promises up to 50% returns...
Former Deutsche Bank associate hit with criminal and civil charges over digital asset fraud
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12 April, 2023

Former Deutsche Bank associate hit with criminal and civil charges over digital asset fraud

The U.S. Department of Justice charged Rashawn Russell with wire fraud, while the CFTC filed a civil enforcement action against...
State regulators sound alarm on investment platform using AI to mislead US investors
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10 April, 2023

State regulators sound alarm on investment platform using AI to mislead US investors

Yieldbot promises mouth-watering profits for investors, but U.S. authorities warned that the dApp works in similar fashion as a Ponzi...
AirBit Club execs plead guilty to fraud charges, face 20 years in prison
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11 March, 2023

AirBit Club execs plead guilty to fraud charges, face 20 years in prison

Victims saw the red flag in the operation of AirBit Club after all attempts to withdraw their funds failed, cementing...
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