CEO sentenced to 20 years for $200M Bitcoin Ponzi scheme

2026-2-14 11:42

A U.S. federal court has sentenced the chief executive of a crypto trading and multi-level marketing firm to 20 years in prison for orchestrating a massive Bitcoin-based Ponzi scheme that defrauded tens of thousands of investors worldwide. Bitcoin Ponzi scheme… origin »

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PonziCoin (PONZI) на Currencies.ru

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ponzi scheme bitcoin years sentenced bitcoin-based massive

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Источник: Cripyo.news

ponzi scheme → Результатов: 126

DOJ hands 97-month sentence to crypto scammer for $40m Ponzi scheme

Authorities in the United States have sentenced a man to 97 months in prison for his role in defrauding investors out of more than $40 million via a crypto Ponzi scheme. According to the U.S. Department of Justice, 57-year-old Dwayne…

2025-6-30 11:07	Ponzi scheme
ponzi scheme crypto defrauding investors out million

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Las Vegas man accused of running $24M crypto-linked Ponzi scheme

Brent Kovar allegedly attracted investors to the Ponzi scheme through a YouTube video and PowerPoint presentation, promising annual returns of 15% to 30%.

2025-2-15 08:50
ponzi scheme powerpoint video through youtube presentation

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Disbarred California attorney pleads guilty to crypto Ponzi scheme

David Kagel has pled guilty to conspiring to operate a crypto Ponzi scheme that defrauded victims of more than $9.5 million. Disbarred 85-year old former attorney Kagel confessed to participating in a fraudulent crypto Ponzi scheme in which he and…

2024-5-30 22:10	Ponzi scheme
ponzi scheme crypto guilty attorney kagel disbarred

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The SEC Targets ‘Affinity Fraud’ With California Ponzi Scheme Crackdown

The SEC pursues an enforcement action against the alleged mastermind of a Ponzi scheme, concurrently with federal criminal charges. The post The SEC Targets ‘Affinity Fraud’ With California Ponzi Scheme Crackdown appeared first on BeInCrypto.

2023-9-20 00:11	regulation news
ponzi scheme sec california crackdown targets affinity

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Bollywood Influencer Becomes Target of Crypto Ponzi Scheme Probe

Govinda, a popular Bollywood actor, faces questions from India's police for his role in promoting a crypto ponzi scheme. The post Bollywood Influencer Becomes Target of Crypto Ponzi Scheme Probe appeared first on BeInCrypto.

2023-9-19 20:07	regulation news
ponzi scheme bollywood crypto probe influencer becomes

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JPMorgan CEO Lambasts Bitcoin as “Decentralized Ponzi Scheme”

JPMorgan CEO Jamie Dimon remains a staunch critic of cryptocurrencies, describing them as a "decentralized Ponzi scheme"

2023-1-10 09:35
ponzi scheme jpmorgan decentralized ceo cryptocurrencies describing

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OneCoin’s co-founder pleads guilty to running crypto Ponzi scheme

OneCoin’s co-founder and the Cryptoqueen’s associate has pleaded guilty to running a Ponzi scheme. Millions were duped into purchasing a deceptive virtual currency that caused billions of dollars in shortfalls.

2022-12-17 15:21	Ponzi scheme
ponzi scheme onecoin running guilty co-founder virtual

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EmpiresX: What now as head trader pleads guilty to $100 million ponzi scheme

The head-trader of crypto platform EmpiresX pleaded guilty to one count of conspiracy to commit a securities fraud. The charges on the alleged are in connected with a global ponzi scheme that defraudeThe post EmpiresX: What now as head trader pleads guilty to $100 million ponzi scheme appeared first on AMBCrypto.

2022-9-9 21:00	News
ponzi scheme empiresx guilty pleads million trader

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SEC Charges Forsage Founders for Operating $300M Ponzi Scheme

The Securities and Exchange Commission charged eleven individuals with running a cryptocurrency pyramid and Ponzi scheme targeting retail investors globally. The post SEC Charges Forsage Founders for Operating $300M Ponzi Scheme appeared first on BeInCrypto.

2022-8-2 01:00	U.S. Securities and Exchange Commission (SEC)
ponzi scheme sec 300m forsage charges founders

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Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO

The Seoul Southern District Prosecutor’s Office in Korea is investigating whether it can bring charges of a Ponzi scheme against Terraform Lab’s CEO, Do Kwon. The post Korean Prosecutors Consider Bringing Ponzi Scheme Charges Against Terraform Labs’ CEO appeared first on BeInCrypto.

2022-5-21 14:30	Terraform Labs
ponzi scheme terraform ceo against charges labs

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CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme

Two U.S. residents have been charged with running a crypto Ponzi scheme that allegedly defrauded hundreds of investors out of a collective $44 million.

2022-5-20 00:55	policy
ponzi scheme running crypto million hundreds investors

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No, Bitcoin isn’t a Ponzi

A common accusation toward Bitcoin: It’s a pyramid scheme. For BTC holders to profit critics claim it’s necessary to sell to other “suckers” at an even higher price. This is fundamentally wrong.

2019-9-14 04:36	Price Watch
ponzi scheme bitcoin isn pyramid outrageous returns

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Ponzi scheme victims storm Tron office; police called in to protect staff

Ponzi schemes in the crypto ecosystem can be traced back to every single bull run that attracted a new wave of naive investors. Although such scams maintain its stronghold within the budding markets, Tron made headlines after being linked to a billion-dollar Ponzi scheme with Chinese investors.

2019-7-8 18:02	trx
ponzi scheme police tron chinese investors staff

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SEC Files Charges, Alleges Daniel Pacheco Ran Crypto Ponzi Scheme

The US Securities and Exchange Commission is suing Daniel Pacheco, claiming he sold unregistered securities and raised $26 million with a crypto-related Ponzi scheme he ran through his companies IPro Solutions LLC and IPro Network LLC.

2019-5-24 00:08	law and legislation
ponzi scheme securities ran ipro pacheco daniel

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SEC Sues Alleged $26 Million ‘Crypto’ Ponzi Scheme Operator

The SEC has accused Daniel Pacheco of running a $26 million Ponzi scheme disguised as a cryptocurrency.

2019-5-24 19:50
sec ponzi scheme million pacheco running disguised

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Brazil Halts Breaks on $200 Million Crypto Ponzi Scheme Operation Egypto Who Scammed 55K Investors

Brazil has taken drastic action against a fraudulent cryptocurrency pyramid scheme by shutting down its operation in the country. The pyramid scheme which is worth 850 million reals equivalent to $210 million promises a return of 15% after the first month of investment in the scheme.

2019-5-22 21:25	Legal & Regulation
scheme million brazil pyramid operation promises return

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U.S. SEC Shutters Ponzi Diamond-Backed Cryptocurrency Business

The U. S. Securities and Exchange Commission (SEC) on May 21, 2019, obtained an emergency order to halt the operations of an ongoing $30 million cryptocurrency Ponzi scheme. Necessary Safety Measures The U.

2019-5-22 16:00	VanEck
cryptocurrency sec bitcoin ponzi hard possible reasons

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Nabbed! SEC Reels in $30 Million Alleged Diamond-Backed Crypto Scam

By CCN: The U. S. SEC has secured a court order to stop an alleged diamond-backed Ponzi scheme estimated to be worth around $30 million. The securities regulator outlined how more than 300 investors were fleeced into handing over funds to Florida-based Argyle Coin LLC.

2019-5-22 22:30	SEC
sec alleged scam diamond-backed million scheme investors

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SEC Shuts Down Ponzi Scheme Which Duped 300 Into ‘Diamond-Backed’ Cryptocurrency

The U.S. SEC has brought legal action to operators of several scam companies targeting crypto investors

2019-5-21 17:49	USA
sec operators legal action several crypto investors

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SEC Moves to Halt Diamond-Linked Crypto ‘Ponzi Scheme,’ Freeze Assets

The U.S. Securities and Exchange Commission has taken action over what it alleges is a $30 million crypto scam based on supposed diamond investment.

2019-5-21 17:25	ICOs
crypto alleges action scam diamond investment supposed

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OneCoin Crypto Marketing Company Insist It’s Not a Ponzi Scheme

OneCoin, the cryptocurrency issuer that allegedly ran a $4 billion pyramid scheme, is denying all claims that they are… The post OneCoin Crypto Marketing Company Insist It’s Not a Ponzi Scheme appeared first on Invest In Blockchain.

2019-5-21 23:52	Ponzi scheme
scheme onecoin ponzi marketing company crypto insist

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It’s Baaaaaaack! Bitconnect 2.0 Causes Waking Nightmares In Cryptosphere

Just days ago, we cast our minds back to the altcoin season of 2017, musing that Bitconnect is one of the projects now long dead after flying high only two years previously. Perhaps we spoke too soon… because news emerged over the weekend that crypto’s legendary Ponzi scheme is set to stage a return.

2019-5-21 19:59	Fraud
bitconnect crypto nightmares waking causes baaaaaaack cryptosphere

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BitConnect 2.0: Will the Ponzi Scheme Really Dare to Relaunch?

A website has appeared, promising the relaunch of the BitConnect system within 41 days.

2019-5-20 16:54	News
bitconnect relaunch promising system within days really

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Scam Alert: Bitconnect ‘2.0’ Claims Binance Listing for July Launch

The return of notorious cryptocurrency ponzi scheme Bitconnect is closer than ever, its mysterious organizers claim after revealing a July launch date. Bitconnect: Unapologetically Fraudulent A fresh tweet from the Twitter account of the so-called ‘Bitconnect 2.

2019-5-20 12:00	#scams
bitconnect july launch scheme scam alert claims

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Embattled OneCoin Denies Multi-Billion Dollar Ponzi Scheme Allegations

By CCN: OneCoin execs are sick of being called a Ponzi scheme. Allegations of ripping off churches are false too, they claim. In a lengthy letter to the Samoa Observer, the cryptocurrency-powered marketing company defended itself against what it considers to be false allegations OneCoin takes issue with news articles that were used by the Central Bank of Samoa (CBS), which fueled the Ponzi scheme narrative.

2019-5-20 00:30
onecoin scheme ponzi allegations samoa company cbs

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Cryptocurrency Project OneCoin Denies Ponzi and Pyramid Scheme Claims

Controversial cryptocurrency project OneCoin has reportedly denied claims that it is a “hybrid ponzi-pyramid scheme”

2019-5-18 01:30	Investments
cryptocurrency scheme claims onecoin project ponzi-pyramid hybrid

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Is OneCoin a Hybrid Ponzi-Pyramid Scheme? Crypto Company Says It Fits Neither

OneCoin cryptocurrency investment project has responded to widespread allegations going on in and around the cryptocurrency world that the project is nothing but a pyramid scheme. The firm laid the issue to rest once and for all saying that it does not fit the narrow definition of a bitcoin ponzi scheme. According to a report […]

2019-5-18 01:23	Legal & Regulation
scheme project cryptocurrency onecoin all saying does

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OneCoin Claims It’s Not a Ponzi or Pyramid Scheme

The OneCoin project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit a narrow definition of either.

2019-5-18 18:15
pyramid onecoin scheme ponzi does fit narrow

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Vexa Global Proves To Be A Crypto MLM Ponzi Scheme According to Recently Released Report

Vexa Global, a crypto ATM company and exchange has been considered a Ponzi scheme by one of the most recognized sites investigating MLM schemes. According to Behind MLM, this company doesn’t provide any information about itself and how they run the business.

2019-5-11 20:49	Cryptocurrency News
scheme ponzi vexa mlm according crypto global

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Peter Schiff: “Bitcoin is a Shady Ponzi Scheme… Pretends to be Gold but is Just Fool’s Gold”

During a recent interview with Max Keiser, Euro Pacific Capital CEO Peter Schiff likened Bitcoin to “fool’s gold”. Not only that, he even disparaged the crypto sector as a whole by comparing the industry to a giant ‘Ponzi scheme’.

2019-5-11 17:52	Bitcoin Innovation
gold bitcoin schiff fool peter scheme ponzi

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Bitcoin Just a Shady ‘Ponzi Scheme,’ Rants Goldbug Peter Schiff

By CCN: Market contrarian and popular gold bug Peter Schiff has once again come out with guns blazing against bitcoin and cryptocurrency. Peter Schiff: ‘Ponzi Scheme’ Bitcoin Is ‘Fool’s Gold’ with ‘No Value’ In an interview with Max Keiser of the Keiser Report, Schiff – the CEO of Euro Pacific Capital – ranted that bitcoin “pretend” to be gold but is just “fool’s gold.

2019-5-11 00:55	Peter Schiff
gold bitcoin schiff peter fool scheme ponzi

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Buffett’s Berkshire Scammed Out of Staggering $340 Million by Solar Ponzi Fraud

By CCN: Berkshire Hathaway, the multinational corporation led by billionaire Warren Buffett, posted a $377 million first-quarter charge for investment losses related to a solar Ponzi scheme. Berkshire invested $340 million in Ponzi scheme Berkshire made the disturbing revelations in a regulatory filing during its annual shareholders meeting last weekend.

2019-5-9 18:16	Warren Buffett
berkshire ponzi million buffett 340 scheme solar

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OneCoin Officially Sued For Scamming ‘Thousands Upon Thousands’ in the US

OneCoin, the alleged Ponzi scheme, may have finally come to an end as a U. S. lawsuit indicting its founders and $4 billion revenues becomes formal. OneCoin: Class Action Demand By $103K Investor A class action document filed May 7 at the US Southern District Court of New York brings multiple charges against four executives behind OneCoin: brother and sister duo Konstantin Ignatov and Ruja Ignatova, Sebastian Greenwood and Mark Scott.

2019-5-9 16:00	Ponzi scheme
onecoin thousands action may upon scamming officially

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Investor Takes Legal Action Against $4 Billion Ponzi Scheme, OneCoin

A former investor of a widely suspected pyramid scheme, OneCoin, is seeking damages for losses resulting from the scam.

2019-5-8 16:23	News
onecoin scheme investor damages seeking scam resulting

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Major Influencer in Anti-Bitcoin Case in India Calls Crypto a Ponzi Scheme (Doesn’t Imply Bitcoin Is)

The Reserve Bank of India is due to finally conclude a case that will finally determine how cryptocurrency will be used within the country. However, Anurag Agarwal of the Ministry of Corporate Affairs could have a major influence – will he use that power towards the good of the crypto industry? Anurag Agarwal states that […]

2019-5-5 00:36	Legal & Regulation
major finally agarwal case india anurag crypto

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High-Profile Indian Government Official Calls Bitcoin a Ponzi Scheme

Cryptocurrencies like bitcoin are Ponzi scheme and deserve to be banned to protect investors, at least according to Anurag Agarwal. The joint secretary for India’s Ministry of Corporate Affairs accused bitcoin of simplifying financial frauds in the Indian markets.

2019-5-4 14:00	Bitcoin
bitcoin indian ponzi scheme government calls high-profile

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OneCoin Controversy Continues as Churches Claim They Are Not Affiliated With The Crypto Ponzi

The Ponzi scheme and fraudulent company OneCoin continues generating controversies. This time, a church in New Zealand that was accused of participating in the scam, denies these accusations. In a recent article released by the church on Facebook, they explained that they have never participated in illegal activities. New Zealand Church Denies Accusations As reported […]

2019-5-3 18:05	Coins
church ponzi zealand accusations denies onecoin new

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New Zealand Churches Deny Affiliation With Crypto Ponzi Scheme OneCoin

A New Zealand church accused of colluding with a crypto Ponzi scheme to defraud the congregation has denied participating in illegal activity

2019-5-3 23:56	#scams
crypto scheme new ponzi zealand congregation denied

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Samoan Central Bank Suspects Local Church of Running Crypto Ponzi Scheme

A report by RNZ published April 26, 2019, states that a Samoan church has been implicated in a global multi-billion cryptocurrency fraud scheme. Crypto Scam Knocks the Doors of Churches The tentacles of crypto-based crimes now seem to have gripped religious institutions as highlighted by a recent development in the Oceania.

2019-4-28 01:00
april cryptocurrency 2019 samoan scheme crypto church

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OneCoin Scammers Accused Of Stealing $2.3 Million Through Samoan Churches

OneCoin Scammers Steal $2.3 Million Through Samoan Churches Samoa is now in the center of the storm regarding the cryptocurrency Ponzi scheme OneCoin. According to Radio NZ, ministers of the nation invited the digital currency to preach to the congregation of a church in the country. OneCoin Use NZ and AU To Circumvent Ban The […]

2019-4-27 22:52	Cryptocurrency News
onecoin churches samoan scammers million through preach

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Cryptocurrency is ‘Ponzi’, Should be Banned: Indian Govt. Watchdog

By CCN. com: An official from an investor watchdog group in India likened cryptocurrencies to a Ponzi scheme, and voiced his support for them to be banned to protect investors. Anurag Agarwal, chief executive officer of the Investor Education and Protection Fund Authority, made the comments Friday, according to local reports.

2019-4-26 17:17	India
ponzi watchdog banned cryptocurrencies india cryptocurrency support

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Damned OneCoin scammers stole $2.3M from Kiwis using Samoan churches

Yet another organization thought to be tied the multi-billion dollar cryptocurrency Ponzi scheme OneCoin has been uncovered. Central Bank of Samoa (CBS) has named the Samoa Worship Centre as being used as a front in the $3 billion OneCoin scam which promised unrealistic returns for investing in a fake cryptocurrency.

2019-4-26 15:16	hard fork
onecoin cryptocurrency million church cbs samoa members

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Samoa Investigates Church After OneCoin Defied Legal Ban to Sell Products to Investors

A church in the Pacific nation of Samoa is at the center of scrutiny after ministers invited notorious cryptocurrency Ponzi scheme OneCoin to preach to its congregation

2019-4-26 14:15	Fraud
samoa onecoin church invited scrutiny notorious ministers

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Will Bitcoin SV Go Down To Zero Just Like Bitconnect?

In the world of Bitcoin scams, nothing comes close to the Bitconnect Ponzi scheme. On January 16, 2018, Bitconnect… The post Will Bitcoin SV Go Down To Zero Just Like Bitconnect? appeared first on Invest In Blockchain.

2019-4-17 12:26
bitconnect bitcoin like down zero 2018 invest

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The Global Game Arena Collapses, Many Suspect GGA Owners Partaking in Compliance Exit Scam

The Ponzi scheme of the Global Game Arena has just collapsed. Now instead of them admitting that the platform actually run out of money, the admins have gone straight to blame the affiliate investors.

2019-4-16 08:26	News
gone investors platform global arena game affiliate

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OneCoin Cryptocurrency Ponzi Scam Suspects Arrested in Singapore

The police in Singapore has arrested two men in connection with the OneCoin cryptocurrency Ponzi scheme, The Business Times reports. News of the arrest is the latest installment in the OneCoin saga that has seen the controversial project banned by numerous countries.

2019-4-10 19:19	Singapore
onecoin cryptocurrency singapore ponzi arrested policeread press

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$54 Million Tree-Hugger Scam Lands Prison Time for Clinton Honoree

Okay, Green New Deal supporters. You’re on notice that this widely-pitched effort has a predecessor that preyed on people who fell for a bogus company that touted clean energy solutions. Its sinister founders even managed to hoodwink former President Bill Clinton.

2019-4-10 19:11
clinton prison energy knorr company million tree-hugger

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South Korea: AI Helps in Arresting Scammers Involved in $18.7 Million Ponzi Scheme

A scam group has been arrested in Seoul for stealing over $18 million from victims after being caught by an artificial intelligence (AI) program, Korea JoongAng Daily reports on April 8, 2019. Big Crime, Big Time Crypto-related crimes are quite wide and varied.

2019-4-9 20:00	South Korea
crimes big million korea technical such sim

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Korean Investigators Use Artificial Intelligence To Catch Crypto Scammers

A bitcoin Ponzi scheme was brought down thanks to the diligence of Korean civil servants who developed software capable of recognizing advertisement patterns used in pyramid scams.

2019-4-10 19:59	wallets and exchanges
korean developed software servants civil capable recognizing

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2026-2-14 11:42

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