Latest News Of pyramid scheme Tag
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.
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.
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.
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.
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.
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.
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.
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.
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.