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.
Latest pyramid scheme News
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.
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.
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.
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.