8 arrested for running $68M cryptocurrency Ponzi scheme in Japan

2018-11-14 19:02

Japan has another cryptocurrency scam to recover from as police have arrested a group suspected of running a cryptocurrency pyramid scheme. Today, Tokyo police arrested eight men thought to be connected to a Ponzi scheme that collected over $68 million in cryptocurrency from around 6,000 people, local news the Asahi Shimbun reports.

According to Tokyo’s Metropolitan police, the men have violated the Financial Instruments and Exchange Law (FIEL) by not registering their business with the relevant regulators and authorities. The perpetrators had been using cryptocurrency to fund their pyramid scheme and maintain some anonymity. Crpyotcurrency transactions are not recognized by…

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Источник: thenextweb.com

cryptocurrency scheme → Результатов: 115

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Cryptocurrency Project OneCoin Denies Ponzi and Pyramid Scheme Claims

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American Man Sentenced For $1.1 Million Bitcoin (BTC), Litecoin (LTC) Scheme

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Initiative Q Rides Co-Opts the Fame of Bitcoin (BTC)

A viral proposition spreading through all internet media channels, Initiative Q is a suspected Ponzi scheme that has touched upon the cryptocurrency supporters.

2018-11-13 19:01	News
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Trader Jailed and Fined Over $1 Million for Bitcoin and Litecoin Fraud Scheme

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	Law & justice
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Shifty Principle Uses School Computers to Craft a Crypto Mining Scheme

A Middle School principle in China was fired after staffers uncovered a cryptocurrency mining scheme utilizing school computers. Local media in China have begun to write about a foiled cryptocurrency mining scheme organized by the principal of Puman Middle School.

2018-11-11 08:45
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Principle Fired for Mining Cryptocurrency at a School in China

2018-11-11 08:45
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eToro pledges $1M for universal basic income solutions on the blockchain

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2018-11-8 17:05	hard fork
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Overstock CEO Calls Modern Financial System a Ponzi Scheme, Predicts Global Crypto Adoption

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2018-11-8 03:34	Cryptocurrency News
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Controversial Oyster Protocol Project Forks into Opacity

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2018-11-8 00:00	Smart Contracts
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Overstock CEO Interview on Governments, Bitcoin and the Modern Financial System that is a Ponzi Scheme

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2018-11-7 16:59	Cryptocurrency
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Lawsuit Filed Against Rapper T.I. for Participation in Alleged Cryptocurrency Scam

According to reports, a group of 25 investors have filed a lawsuit against T. I. and a businessman for their involvement in a fraudulent cryptocurrency scheme. Rapper T. I. and businessman Ryan Felton now face a lawsuit from a collective of 25 investors who said the duo peddled a digital currency that was a get-rich-quick scheme.

2018-11-5 05:30
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Rapper T.I. and Business Partner Ryan Felton Sued for Securities Fraud

Rapper T. I. and his business partner are being sued for securities fraud by several individuals that had invested in their cryptocurrency. The “Live Your Life” rapper – whose real name is Clifford Harris Jr.

2018-11-4 22:52
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We used T.I. songs to describe the lawsuit against his failed cryptocurrency

Now, about that money. Rapper T.I. is being taken to court and sued by his investors after peddling a cryptocurrency that turned out to be nothing more than a get-rich-quick scheme … This story continues at The Next Web

2018-11-2 13:36	hard fork
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Hackers launch affiliate scheme to incentivize Bitcoin (BTC) ransomware

Researchers have unearthed a new cryptocurrency ransomware scheme that implicates a group of Russian-speaking hackers into stealing large sums of Bitcoin (BTC) from unsuspecting victims – and laundering the stolen funds on an obscure cryptocurrency gambling site, reported TheNextWeb.

2018-11-1 18:21
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Hackers launch cunning affiliate scheme to incentivize Bitcoin ransomware

Researchers have unearthed a new cryptocurrency ransomware scheme that implicates a group of Russian-speaking hackers into stealing large sums of Bitcoin from unsuspecting victims – and laundering the stolen funds on an obscure cryptocurrency gambling site.

2018-10-31 16:00	hard fork
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Multisignature Scheme Enabled for the Multy Crypto Wallet on Android and iOS

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2018-10-31 13:59	ethereum
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Oyster’s Creator Says Its PRL Cryptocurrency Token Is A Ponzi Scheme After Exit Scam

Oyster (PLR) is a project that has been getting some serious shade lately – and perhaps rightly so. The platform’s creator, who goes by the pseudonym “Bruno Block” recently pinpointed a vulnerable point in the smart contract token contract.

2018-10-31 09:48	News
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Polish Authorities Seize Over $10 Million Dollars From DasCoin Crypto MLM Scam

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2018-10-28 21:48	News
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FBI is Looking Into Call Of Duty Gamers Suspected of Running Crypto Theft Ring

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2018-10-27 23:00
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Call of Duty Players Suspected of Swiping More Than $3 Million in Crypto

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2018-10-23 07:00	#scams
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Crypto Ponzi Scammer Ordered to Pay $2.5 Million for Duping Investors

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2018-10-22 09:00	Regulation
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New BitConnect Class Action Combines All Former Suits — And Targets Youtube

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2018-10-19 22:58	Law & justice
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Malta: Two-thirds of cryptocurrencers fail multiple-choice licensing exam

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Class Action Suits Launched Against Cryptocurrency Mining Investment Company

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Indian Cryptocurrency Fraud Case Reaches Impasse

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2018-10-17 20:08	India
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Ripple (XRP) Remains Undeterred By Bitcoin (BTC) Uncertainty

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2018-10-13 00:30	ripple
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Has Bitcoin (BTC) Finally Succumbed To Stock Market Pressure?

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2018-10-11 17:00	Bitcoin
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Crypto Community Riled at Russian Exchange’s Coin Pump Scheme

The crypto market has just entered into another tough period when a lot of coins started losing its value. In the midst of all the chaos, one cryptocurrency exchange announced a new pump scheme on several random coins, while hoping to get a boost itself.

2018-10-11 16:00
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Cryptocurrency exchange orchestrates shameless ‘pump and dump’ scheme

In a blatantly fraudulent turn of events, a small-time cryptocurrency exchange has decided the best way to beat the bear market is to just throw morality to the wind, and ‘pump and dump’ random coins.

2018-10-11 15:48	hard fork
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Australia Trials Blockchain Platform for National Disability Insurance Scheme

Australia is currently in the process of exploring the potential for blockchain technology to create ’smart money’ to be used in its National Disability Insurance Scheme (NDIS), its federal government revealed in an October 9, 2018, press release.

2018-10-10 09:00
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Philippine Authorities to Deport South Korean Scammer

A South Korean fugitive suspected of running a $33 million cryptocurrency pyramid scheme was arrested and is facing deportation by the Philippine authorities.

2018-10-8 19:53	News
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Lithuania The Latest Country to Target Initial Coin Offerings (ICOs) For Regulation

Cryptocurrency, Initial Coin Offerings (ICOs)–Initial coin offerings, the controversial but effective method for raising funds for new cryptocurrency projects which has managed to dominate the industry, is under attack yet again for its volatile investment scheme, lack of regulation and overall trust-less presentation.

2018-10-8 23:38
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Philippines to deport fugitives to South Korea for $33M Bitcoin scam

Filipino authorities have advanced on international criminals suspected of running a large-scale Bitcoin pyramid scheme. Authorities have detained two of the six individuals thought to have defrauded South Korean investors for over $33 million, while the others remain on the run.

2018-10-4 16:35	hard fork
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285 +

Monero Mikrotik Madness: Carrier-Grade Cryptojacking Scheme

There are approximately 200,000 Mikrotik routers that are potentially vulnerable to the latest security breach devised by hackers to install and spread cryptojacking software that mines Monero (XMR).

2018-10-3 03:00	XMR
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217 +

5 Interesting BitConnect Facts You May Have Missed

Most cryptocurrency enthusiasts are all too familiar with the concept of BitConnect. For most of the people who invested in this scheme, things have not ended all that well. Some interesting key facts have come to light regarding this prominent Ponzi Scheme, courtesy of the BehindMLM team.

2018-10-1 20:00	Ponzi scheme
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167 +

Russia's Central Bank Revealed Crypto Related Ponzi Scheme

The financial scam project known as Cashberry lured thousands of unsuspecting people offering sky-high returns on traditional and cryptocurrency investments.

2018-9-28 09:49	News
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Federal Judge Rules Cryptocurrency MBC Is a Commodity

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	Digital assets
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Australian Regulator ASIC Cracks Down on Misleading ICOs

The Australian Securities & Investments Commission informed the public of its efforts to clamp down on initial coin offerings (ICOs) — a controversial form of fundraising for companies, targeted toward retail investors.

2018-9-27 14:34	ICO
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Russian Central Bank debuts in sueing cryptocurrency Ponzi scheme

The Bank of Russia discovered signs of a financial pyramid in the activities of several companies operating under the single brand Cashbery. The project promised a high yield in the shortest possible time and accepted cryptocurrencies for payment.

2018-9-28 14:18	News
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Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

Think you know the ins-and-outs of bitcoin? Test yourself with 30 questions that grill you on Bitcoin’s history, technology and politics. The 30 questions are split up into three segments ranging from novice to intermediate to expert, and cover a wide range of topics across the Bitcoin landscape.

2018-9-26 02:13	Op-ed
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U.S. Congressman Drafts Blockchain Development Bills

The newly elected co-chair of the Congressional Blockchain Caucus, U. S. Representative Tom Emmer, has introduced a trio of blockchain-focused bills in support of the development and use of blockchain technology and digital assets.

2018-9-22 18:10	Regulation
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AWS Mining Cryptocurrency MLM Scam Outed as a Bitcoin Ponzi Scheme

AWS Mining Outed As A Ponzi Scheme Popular scam watchdog site “Behind MLM” published a lengthy article recently outlining their belief that the AWS Mining company is an overt Ponzi scam selling unregistered, illegal securities to unknowing victims.

2018-9-21 19:01	News
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Singapore Phishing Websites Using Fake News to Get Users’ Bank and Credit Card Details

Phishing websites have been using fake news involving the Deputy Prime Minister of Singapore as means of aquiring users’ credit card and bank account information. Get Rich Quick Scheme The Singaporean government has condemned two separate websites for trying to acquire bank account and credit card information by distributing false information involving the Deputy Prime Minister of Singapore.

2018-9-21 09:00
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Congressional Committee Calls for Clearer Crypto Tax Code in Letter to IRS

In an open letter to the Internal Revenue Service (IRS), the U. S. House’s Committee on Ways and Means argues that the tax collection body is leaving investors in the lurch with its vague cryptocurrency tax codes.

2018-9-21 23:35	Regulation
irs letter tax guidance taxpayers cryptocurrency agency

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GAWMiners CEO Joshua Garza Sentenced to Almost 2 Years in Prison

The cryptocurrency industry has seen its fair share of scams and nefarious projects over the years. GAW Miners, a project spearheaded by Homero Joshua Garza, is one of the biggest scams to date. Garza now finally faces a two-year prison sentence for his $9m Ponzi Scheme which gave cryptocurrency an even worse reputation.

2018-9-17 23:00	Ponzi scheme
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Bitcoin Magazine’s Week in Review: Making Strides Across Industries

Industry buzz surrounded Ethereum this week as community members await the next stage of the coin’s development. The protocol also served as the jumping-off point for a new fully regulated stablecoin.

2018-9-16 18:41
ethereum week bitcoin judge settlement could court

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Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million

The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars.

2018-9-16 21:45	SEC
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Texas Man Sentenced to Jail after Being Found Guilty of $9 Million Crypto Fraud

A Texas man, formerly a citizen of Somer, has been sentenced to 21 months in prison for his involvement in a cryptocurrency Ponzi scheme worth $9 million. Homero Joshua Garza, the 33-year-old convict, will be put under three years of supervised release after his jail term ends.

2018-9-15 07:00	Ponzi scheme
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