2020-8-21 18:48 |
While nobody can find the man behind alleged ponzi scheme Control-Finance, the CFTC is asking the court to throw the book at him. origin »
|
10 months after filing its initial complaint, the CFTC is requesting default after the defendant was not located
2020-4-5 15:50 | |
|
|
The CFTC has charged a Colorado individual for allegedly defrauding investors out of more than $500K via a crypto trading scheme
2020-2-16 19:32 | |
|
|
The CFTC is charging Breonna Clark and Venture Capital Investments with defrauding investors by pretending to run a commodity pool invested in crypto and foreign currency contracts.
2020-2-15 00:59 | |
|
|
The regulators are unable to find the man responsible for a $140 million Bitcoin pyramid scheme
2020-1-7 18:40 | |
|
|
The U. S. Commodity Futures Trading Commission (CFTC) and South Korean regulators continue investigating the UK-based company Control-Finance Ltd, and its principal, Benjamin Reynolds, for a $147,000 Ponzi scheme involving Bitcoin.
2020-1-7 15:00 | |
|
|
A federal judge has granted a CFTC preliminary injunction against an alleged $11 million Bitcoin Ponzi scheme
2019-12-13 14:13 | |
|
|
The CFTC has reissued previous advice to help the public evaluate the legitimacy of Bitcoin and cryptocurrency investment opportunities. The warning comes in the wake of a takedown of a company suspected of defrauding $11 million from investors.
2019-10-19 08:46 | |
|
|
The United States Commodity Futures Trading Commission (CFTC) has taken action against Circle Society, Corp and its founder, David Gilbert Saffron for defrauding people through a Ponzi scheme disguised as a bitcoin-powered $11 million binary options trading project.
2019-10-18 09:00 | |
|
|
Circle Society, Corp. , and its owner, David Gilbert Saffron, have been charged with fraud relating to an Bitcoin and crypto asset investment scheme. The Nevada-based firm is suspected of operating an $11 million binary options scheme.
2019-10-18 23:00 | |
|
|
A man in the US has been charged for allegedly operating an $11 million Bitcoin Ponzi scheme. The US Commodity Futures Trading Commission (CFTC) announced the filing of a civil enforcement action yesterday, charging David Gilbert Saffron of Las Vegas, and Circle Society, Corp, with “fraudulent solicitation, misappropriation, and registration violations.
2019-10-17 14:34 | |
|
|
Purported crypto and forex investment firm Circle Society is accused by the CFTC of operating like a Ponzi scheme.
2019-10-17 13:00 | |
|
|
A U. S. Federal Court recently indicted Gelfman Blueprint Inc. (GBI) and its CEO Nicholas Gelfman to the tune of $2. 5 million for running a Bitcoin Ponzi scheme. The matter is the first ever anti-fraud proceedings concerning Bitcoin taken up by the Commodity Futures Trading Commission (CFTC).
2018-10-21 02:00 | |
|
|
In a press release by the US Commodities Futures and Trading Commission (CFTC) on Oct. 18, the agency confirmed that Gelfman Blueprint Inc. (GBI) and its CEO, Nicholas Gelfman, had been ordered to pay more than $2.
2018-10-20 16:29 | |
|
|
The ruling is part of the first-ever CFTC anti-fraud enforcement action involving cryptocurrencies.
2018-10-19 16:19 | |
|
|
The CFTC has won a legal battle against a New York resident and his company for running a Ponzi scheme centered around bitcoin.
2018-10-19 00:03 | |
|
|
In a landmark case for the cryptocurrency industry, a federal judge has ruled that a cryptocurrency caught in the midst of a lawsuit is a commodity, court documents reveal.
2018-9-28 23:15 | |
|
|
Law and technology scholar specializing in digital property, electronic contract, big data privacy, and virtual communities. Co-Founder and CEO of Clovyr startup, which essentially functions as a decentralized app store.
2018-7-22 23:18 | |
|
|
India has intensified efforts to curb crypto-related scams by collaborating with tech giants Google and Meta (formerly Facebook), according to the Ministry of Home Affairs’ 2024 annual report.
T3 Financial Crime Unit (T3 FCU) has frozen criminal assets valued at $100 million across five continents. Formed by Tether, TRON, and TRM Labs in August 2024, the group collaborates with law enforcement worldwide to disrupt organized schemes that rely on blockchain transactions.
The demand for fresh narratives in the crypto space has ignited a booming trend—AI-inspired memecoins. These tokens, blending artificial intelligence with the viral appeal of meme culture, have surged to a collective market capitalization of over $10 billion, as per Coingecko data.
Pig butchering scams led to $3. 6 billion in crypto losses in 2024, emerging as the most significant fraud scheme of the year, according to a report by web3 security firm Cyvers. The long-term fraud method, where victims are groomed over time to make substantial investments, outpaced other forms of crypto scams in 2024.
The rise of crypto has become a breeding ground for financial scams in France, contributing to a surge in fraudulent activity that has authorities scrambling to protect consumers. The Paris Public Prosecutor’s Office, along with regulatory bodies like the AMF and ACPR, are particularly concerned about the growing number of schemes involving bogus crypto investments.
Crypto frauds and hacks in 2024 caused $2.3 billion in losses, with Ethereum and multisig wallets most affected, exposing critical vulnerabilities. The post Over $2.3 Billion Stolen in Crypto Hacks and Frauds in 2024 appeared first on BeInCrypto.
The U. S. Securities and Exchange Commission charged three individuals on Dec. 11 with impersonating securities brokers and investment advisers to execute a scheme involving digital assets. The complaint names three Nigerian nationals and alleges that their actions diverted more than $2.