Thailand crypto scam prompts government probe
The alleged pyramid scheme known as Khung Nong Cryptocurrency Trading became popular with investors in 2018.
Latest pyramid scheme News
Gold-backed crypto scam shut down in Germany
BaFin regulators ordered the Belize-registered Karatbit Foundation to cease and desist and settle any claims that remain outstanding.
Crypto exchange Coinup CEO faces 16 years in jail for fraud
Coinup promised its investors of guaranteed returns, but ended up defrauding them of $386 million.
Indian police arrest 4 linked to KBC Coin crypto scam
An investment that offered 10 times returns ended up being a scam, which shouldn’t be that surprising.
South African company suspected to be a crypto pyramid scheme
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 central bank warns against get-rich-quick crypto schemes
Rwanda is concerned that its citizens might fall for pyramid schemes, so they’re getting the word out.
Indian police bust $950,000 cryptocurrency pyramid scheme
One Indian group saw others getting rich from cryptocurrency pyramid schemes, so they thought they’d give it a try too.
Russian authorities nab alleged creator of massive crypto pyramid fraud
The individual from Kazakhstan was accused of promoting a scheme that stole money from investors by promising undeliverable, low-risk returns from crypto investment.
Brazilian police arrest culprits behind $210 million crypto scam
Brazil has cracked down on a massive pyramid scheme that brought in over 50 thousand victims.
Multi-billion dollar Ponzi scheme OneCoin sued by aggrieved investor
A former investor in the infamous OneCoin cryptocurrency project has sued the firm over the loss of $130,000.
Scam alert! $20 million Chinese crypto startup faking its team
A crypto project in China is increasingly revealing itself as a big scam, with fake team members and the obvious appearance of a pyramid scheme.
FBI seeks BitConnect victims’ help in their investigation
The investigation in BitConnect’s alleged Ponzi scheme continues, and the FBI is looking for help to get to the bottom of it.