Bank of New York Mellon accused of aiding $4B OneCoin scam
OneCoin investors accused BNY Mellon of processing several transactions for Mark Scott, the lawyer alleged to have led the money laundering efforts for the scam.
OneCoin investors accused BNY Mellon of processing several transactions for Mark Scott, the lawyer alleged to have led the money laundering efforts for the scam.
Promoter Joseph Frank Abel admitted to receiving money from investors for shares in the BitClub Network mining pool.
John Bigatton has been described as a “born salesman,” and is the subject of investigation by the Australian regulator since BitConnect’s collapse.
The U.S. regulator is seeking over $572 million from the operator of BTC scam Control-Finance in restitution and penalty.
The total value locked in DeFi platforms has exceeded $6 billion and has opened a can of worms for the Ethereum network and its supporters.
The suspects reportedly operated AirBit Club, a scam that allegedly defrauded its investors of over $20 million.
Federal investigators found Banana Fund had been siphoning off investor funds to finance the administrator’s digital currency speculation.
27 individuals who played a major role and 82 key members of the PlusToken Ponzi Scheme have been arrested, bringing the pyramid scheme with allegedly 3,000 levels to an end.
Dominic Lacroix, Sabrina Paradis-Royer and Yan Ouellet are charged with securities fraud, wire fraud and conspiracy to commit money laundering.
The CFTC plans to move for a default judgment after securing a Certificate of Default against Reynolds, and a Notice of Voluntary Dismissal.
The collapse of Iranian exchange Bitisis has prompted an investigation from police in China.
The regulator said the illegal investment schemes were promising unfeasibly high rates of return to investors willing to stump up their capital.