Latest News Of pyramid scheme Tag

US calls OneCoin huge pyramid scheme, charges leaders

Business 11 March 2019

US calls OneCoin huge pyramid scheme, charges leaders

Konstantin Ignatov, who runs OneCoin Ltd, and his older sister Ruja Ignatova were accused of swindling investors in a scheme conceived as a fraud.

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Scam alert! $20 million Chinese crypto startup faking its team

Business 28 February 2019

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.

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FBI seeks BitConnect victims’ help in their investigation

Business 21 February 2019

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.

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Australia freezes John Bigatton’s assets in relation to BitConnect

Business 8 January 2019

Australia freezes John Bigatton’s assets in relation to BitConnect

The Australian Securities and Investment Commission has frozen the assets of John Bigatton, BitConnect’s Australia representative.

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Tokyo police arrest 8 linked to $68M crypto pyramid scheme

Business 15 November 2018

Tokyo police arrest 8 linked to $68M crypto pyramid scheme

Police in Tokyo have arrested eight individuals in connection with a BTC pyramid scheme alleged to have swindled as much as $68.4 million from its victims.

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BitConnect faces fresh class action lawsuit: report

Business 18 October 2018

BitConnect faces fresh class action lawsuit: report

A newly consolidated lawsuit has been filed against BitConnect, several months after several cases have been brought forth against the company's alleged fraudulent pyramid scheme at the beginning of 2018.

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Chinese authorities charge 4 more in $2.3B OneCoin scam

Business 25 May 2018

Chinese authorities charge 4 more in $2.3B OneCoin scam

The two-year investigation has spanned over 20 provinces across China, with authorities recognising the $2.3 billion scheme as one of the biggest investigations to date.

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Steven Seagal in hot water with US regulators over Bitcoiin

Business 26 March 2018

Steven Seagal in hot water with US regulators over Bitcoiin

It has the makings of a Steven Seagal action film, but his much publicized and vaunted cryptocurrency called Bitcoiin—yes, with two i's—doesn’t appear to be going anywhere soon.

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Crypto market scam LeadInvest goes blind in Texas

Business 28 February 2018

Crypto market scam LeadInvest goes blind in Texas

It appears that the fraudsters and scammers who are taking advantage of the cryptocurrency market are on the increase of late.

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