2019-10-17 13:00 |
Purported crypto and forex investment firm Circle Society is accused by the CFTC of operating like a Ponzi scheme. origin »
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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 | |
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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 | |
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In a development in Texas, the federal court has fined two convicts a total of $360,000 USD in respect to solicitation of funds from the public over a fraudulent scheme. The amount raised from the public investors since January 2017 is yet to be revealed.
2019-7-12 00:50 | |
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In sync with rising crypto-adoption, government bodies have stepped up and implemented stricter regulations, in light of the space’s history and susceptibility to fraudulent activities. The Commodity Futures Trading Commission (CFTC) has been making a lot of effort in this regard and recently, caught a Bitcoin trading and investment company for fraudulent activities.
2019-6-19 18:30 | |
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US CFTC Launches Action Against Bitcoin Fraudsters A few days ago, the regulatory agency of the United States filed a complaint with the New York Southern District Court against Control-Finance Ld. Apparently, the firm defrauded over 1,000 investors so as to launder over 22,858 Bitcoin.
2019-6-18 20:52 | |
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22,858.822 bitcoin were misappropriated under Control-Finance's Ponzi-like scheme.
2019-6-18 20:45 | |
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The CFTC has brought an action against now-defunct entity Control-Finance, which reportedly defrauded over 1,000 investors to launder $147 million in bitcoin
2019-6-18 15:43 | |
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Sensing a rise in crypto-related scams and fraudulent investment schemes, the U. S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have issued a joint warning to investors, encouraging them to take a more thorough approach to verifying potential investments in the space.
2019-4-26 18:43 | |
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On November 16, 2018, the U. S. Securities and Exchange Commission (SEC) issued a public statement clarifying its intent to regulate activities involving the issuance and trading of digital assets.
2018-11-21 01:44 | |
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Cryptocurrency traders and investors may be hurting, but that hasn’t stopped regulators from bringing crypto-related criminals to justice. Just recently, a leading financial regulator has brought an Arizona-based man to justice for stealing upwards of $1 million in Bitcoin (BTC) and Litecoin (LTC).
2018-11-14 05:45 | |
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The U. S. Commodity Futures Trading Commission (CFTC) issued a press release on Friday, November 9, 2018, stating that it had fined Arizona resident Joseph Kim for perpetrating a fraudulent cryptocurrency trading scheme against his former employer and other investors.
2018-11-13 22:55 | |
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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 | |
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The ruling is part of the first-ever CFTC anti-fraud enforcement action involving cryptocurrencies.
2018-10-19 16:19 | |
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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 | |
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The SEC and CFTC are suing bitcoin derivatives trader 1pool and CEO Patrick Brunner for violating federal law with a security swap scheme.
2018-9-28 00:36 | |
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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 | |
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Is Jamie Dimon’s criticism of Bitcoin justified, or is it overshadowed by JPMorgan’s blockchain investments and data showing crypto’s decreasing role in crime? Jamie Dimon fires again When JPMorgan Chase CEO Jamie Dimon speaks, the financial world pays close attention.…
A 51-year-old Miami resident and pastor is accused of using his pulpit to swindle unsuspecting souls into a cryptocurrency scam. According to a Jan. 8 release from the U.S. Department of Justice, a federal grand jury in the Eastern District…
Analyst Jacob King has labeled MicroStrategy’s Bitcoin-focused business model a “giant scam,” claiming it is unsustainable and destined for collapse. King, a contributor to the Whalewire newsletter, issued this critique of MicroStrategy in a detailed post on X. King argued…
The Commodity Futures Trading Commission has filed a civil enforcement action against Washington State pastor Francier Obando Pinillo for allegedly operating a fraudulent multilevel marketing scheme involving digital assets.
According to the BBC, OneCoin founder Ruja Ignatova, AKA the “CryptoQueen,” may be laying low in Russia to dodge extradition and criminal charges.
Juan Tacuri has been sentenced to a maximum of 240 months for his role in the Forcount Ponzi scheme. Tacuri was a senior promoter in the Forcount Ponzi scheme that defrauded thousands of investors, primarily in Spanish-speaking communities, according to…
David Carmona, the founder of IcomTech, has received a nearly 10-year prison sentence for running a cryptocurrency Ponzi scheme