2025-6-30 11:07 |
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… origin »
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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 | |
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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 | |
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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 | |
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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 | |
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JPMorgan CEO Jamie Dimon remains a staunch critic of cryptocurrencies, describing them as a "decentralized Ponzi scheme"
2023-1-10 09:35 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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The SEC has accused Daniel Pacheco of running a $26 million Ponzi scheme disguised as a cryptocurrency.
2019-5-24 19:50 | |
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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 | |
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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 | |
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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 | |
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The U.S. SEC has brought legal action to operators of several scam companies targeting crypto investors
2019-5-21 17:49 | |
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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 | |
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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 | |
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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 | |
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A website has appeared, promising the relaunch of the BitConnect system within 41 days.
2019-5-20 16:54 | |
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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 | |
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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 | |
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Controversial cryptocurrency project OneCoin has reportedly denied claims that it is a “hybrid ponzi-pyramid scheme”
2019-5-18 01:30 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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A former investor of a widely suspected pyramid scheme, OneCoin, is seeking damages for losses resulting from the scam.
2019-5-8 16:23 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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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 | |
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A special South Korean investigative agency in Seoul has successfully used Artificial Intelligence (AI) to unravel a cryptocurrency Ponzi scheme that defrauded 56,000 people of more than $18. 7 million.
2019-4-8 15:30 | |
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Travis Ford, the co-founder of Wolf Capital Crypto Trading Company, has been sentenced to five years in prison after being found guilty over his role in a $9.4 million crypto Ponzi scheme.
Nigerians have looted the office of digital asset trading platform, CBEX after hundreds of users saw their account balances plummet to zero following the exchange’s collapse. According to a report by BBC Pidgin, investors reportedly failed to withdraw their funds…
Pi Coin recently hit a $12 billion market cap, but with vanishing tokens, migration failures, and Binance listing rumors swirling, is this the beginning of something big — or the start of a slow collapse? Pi Coin’s wild ride on…
From crypto queen to global fugitive: OneCoin’s Ruja Ignatova disappeared with billions, leaving a mystery still unsolved. For eight years, the world has speculated about the fate of Ruja Ignatova: the so-called “Cryptoqueen” who vanished with billions after pitching OneCoin,…
A Brazilian citizen appeared in U.S. District Court in Seattle following extradition from Switzerland to face $290 million Bitcoin investment fraud charges. According to the press release from the US Department of Justice, Douver T. Braga pleaded not guilty to…
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.…