Plus Token leader faces public prosecution in China
One of the key leaders of the Plus Token scam is set to face public prosecution in China for allegedly recruiting close to 2 million members into the MLM scam.
One of the key leaders of the Plus Token scam is set to face public prosecution in China for allegedly recruiting close to 2 million members into the MLM scam.
The group allegedly used Huobi’s platform to transfer the proceeds of fraud to an overseas bank account via digital currency transactions.
The finance department was allegedly establishing a platform for Philippines residents to “generate income” from digital currency.
China has fallen victim to yet another mega digital currency scam. Known as WoToken, the scam is alleged to have made off with over $1B from 700,000+ investors.
Texas has issued a cease and desist order against a digital currency investment scam whose operator assures investors that he can double their investment.
According to FINCEN, there have been over 70,000 cases of digital currency-related fraud reported to their agency since 2013.
Almost a year after Facebook’s Libra was first announced, the outlook for the stablecoin looks starkly different.
Judge John Tuchi rejected an emergency motion for release from prison submitted on behalf of John Caruso of Zima Digital Assets.
Scammers have been keen to target the Pacific communities in New Zealand, according to the Financial Markets Authority.
Dubbed a “cheat sheet” for investors, the warning looks at common frauds including regular securities and pensions, virtual currencies and blockchain.
The regulator said the illegal investment schemes were promising unfeasibly high rates of return to investors willing to stump up their capital.
The former Washington senator is said to have profited from the scheme, which raised investment for the issue of Meta 1 coins.