Headed by Lado Okhotnikov, the Philippines-based Forsage allegedly targeted unsuspecting victims who were lured with promises of zero-risk investment, authorities said.
The Texas State Securities Board ordered Mind Capital to cease and desist from targeting state residents immediately.
The alleged pyramid scheme known as Khung Nong Cryptocurrency Trading became popular with investors in 2018.
BaFin regulators ordered the Belize-registered Karatbit Foundation to cease and desist and settle any claims that remain outstanding.
An investment that offered 10 times returns ended up being a scam, which shouldn’t be that surprising.
A South African town is going crazy for a new investment company, but some expect it to be a house of cards about to fall apart.
Rwanda is concerned that its citizens might fall for pyramid schemes, so they’re getting the word out.
One Indian group saw others getting rich from cryptocurrency pyramid schemes, so they thought they’d give it a try too.
The individual from Kazakhstan was accused of promoting a scheme that stole money from investors by promising undeliverable, low-risk returns from crypto investment.