$47M blockchain pyramid scam busted in China
The group allegedly played on the hype surrounding cryptocurrencies to lure in potential victims, anxious to invest in blockchain technology.
Latest pyramid scheme News
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.
Yet another crypto pyramid scam reaped $20B in South Korea: report
An Incheon District Court judge has fined two men accused of using a pyramid scheme involving fake virtual currencies to reap $20 billion from South Korean investors.
Arrests made in $13M Chinese crypto pyramid scam
Authorities in China have arrested four people in the city of Xi’an in connection with a suspected cryptocurrency pyramid scheme, according to local media reports.
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.
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.
The USI Tech conundrum—is it a pyramid scam or not?
One of the schemes that has had quite a bad press is the one run by Dubai-based USI Tech, which has already abandoned operations in the U.S. and Canada.