2023-8-16 15:31 |
Prosecutors alleged that the executives of a Filecoin mining project orchestrated an elaborate pyramid scheme and scammed the participants. origin »
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The United States Department of Justice has unsealed an indictment charging Luiz Capuci Jr. , the CEO of Mining Capital Coin (MCC), for orchestrating a $62 million global investment and fraud scheme.
2022-5-10 15:30 | |
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The US Department of Justice charged Mining Capital Coin’s senior executive officer with conspiracy to commit a $62 million crypto investment scam. According to the DOJ complaint, Luiz Capuci and unnamed co-conspirators deceived investors over the profit-generating potential of MCC mining packages and a native token called Capital Coin, which was backed by the “largest […]
2022-5-9 12:11 | |
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“Capuci operated a fraudulent investment scheme and did not use investors’ funds to mine new cryptocurrency, as promised, but instead diverted the funds to cryptocurrency wallets under his control,” the DOJ stated.
2022-5-10 07:09 | |
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On Friday, the U.S. DOJ indicted the CEO of Mining Capital Coin (MCC) for allegedly scheming a $62 million global investment fraud. The post U.S. DOJ Indicts Mining Capital Coin CEO in $62 Million Investment Fraud Scheme appeared first on BeInCrypto.
2022-5-7 23:24 | |
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While there are various cryptocurrency mining platforms currently in existence, a good number of these sites are simply Ponzi scheme time bombs waiting to explode. Here we bring to you the top three underrated crypto mining sites that have been giving users decent profits without tears over the years. ChickenFast Founded in 2015 in HongRead More
2021-11-11 16:00 | |
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The SEC is trying to freeze the assets of a cryptocurrency mining and multilevel marketing scheme that it claimed bilked investors of $12 million.
2020-6-6 23:05 | |
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The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme.
2020-4-9 20:00 | |
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A U. S. Judge has shown some sympathies to Robert B. Ladd, the CEO of Bitcoin mining firm MGT Capital Investments, over an alleged $27mn pump-and-dump scheme. District Judge Edgardo Ramos said that the SEC had failed to provide sufficient evidence that Ladd had violated securities laws.
2020-2-27 17:00 | |
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The people of Zcash have spoken, approving mining reward changes that will come into play at the coin’s halving in November
2020-1-31 01:41 | |
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Bitcoin mining giant, Bitmain Technologies, is in the news again for something negative. This time around, there are reports that the bitcoin mining company is involved with a crypto Ponzi scheme, BitClub Network, causing the company to come under the radar of the U.
2020-1-23 00:00 | |
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Bitmain is allegedly in hot water for selling mining equipment to the notorious BitClub Network, an infamous Ponzi scheme which defrauded victims of over $722M. Recent reports suggest that Bitmain is being asked to rescind its U.
2020-1-21 03:24 | |
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The SEC claims Donald Blakstad bilked investors of $3.5 million. One scheme involved a non-existent crypto mining operation.
2020-1-9 21:11 | |
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In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud.
2019-12-25 02:00 | |
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A woman based in the United States island-state of Hawaii has lost nearly half of her entire life savings, in a crypto mining-related Ponzi scheme. And while the woman is clearly the victim, she’s been hit with a temporary restraining order for voicing her concerns and attempting to retrieve the money that was stolen from.
2019-12-21 22:00 | |
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Another week, another round of Crypto Tidbits. Bitcoin, again, saw an effectively flat week, losing a few percent in the past seven days (which isn’t much in the grand scheme of things), according to the latest data from Coin360.
2019-12-14 15:00 | |
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U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.
2019-12-11 23:27 | |
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Iran’s Economic Commission has agreed to set electricity tariffs for bitcoin mining activities based on the prices used for electricity exports. The new tariff scheme is expected to come into effect as soon as it gets approved by the Iranian Cabinet, according to a Financial Tribune report, July 21, 2019.
2019-7-23 19:00 | |
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China Arrests 22 in Illegal Bitcoin Scheme Bitcoin mining is still a thing in China. And according to a recent report from XinhuaNet, a Chinese press agency, so is illegal cryptocurrency mining. Due to the.
2019-7-15 08:30 | |
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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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It’s the start of a new week and that means it’s time for Moonday Mornings, Hard Fork’s wrap-up of the top cryptocurrency and blockchain headlines from the weekend. 1. Local news in South Africa is reporting about a cryptocurrency Ponzi scheme.
2019-6-17 11:47 | |
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An ex-Merrill Lynch worker who operated an undisclosed cryptocurrency mining scheme must pay $5,000 to FINRA
2019-6-14 14:21 | |
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By CCN: Authorities in the Netherlands have arrested a suspect who allegedly operated a bitcoin mining investment scam, according to Dutch daily De Gelrderlander. The fraudulent scheme which was reportedly started in 2017 earned the man named Berry van Mourik at least €2 million ($2.
2019-5-22 14:11 | |
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A man has been arrested in the Netherlands for allegedly scamming investors out of over $2.2 million in a fake bitcoin mining scheme.
2019-5-21 20:30 | |
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On March 21, 2019, Dutch news outlet NL Times reported that “Berry van M. ,” a 33-year-old Dutch businessman and the operator of now-defunct trading platform Koinz Trading, has been arrested on charges of deceiving investors with a bogus bitcoin mining scheme.
2019-5-21 19:56 | |
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An alleged bitcoin mining fraud scheme involving $110 million sees an arrest in the Netherlands
2019-5-21 14:48 | |
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An alleged bitcoin mining fraud scheme involving $110 million sees an arrest in the Netherlands
2019-5-21 14:48 | |
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Chinese authorities were able to uncover a fraudulent mining scheme that stole approximately $293 million from crypto users. As reported by the local news outlet 8BTC, a fake Chinese company called Lianxin Tech, sold more than 300,000 units of mining hardware to users in just a few months. Investors believed that they were going to […]
2019-5-12 19:10 | |
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In a handful of oil fields in the Great White North, natural gas, an otherwise wasted drilling by-product, is being put to work. But it’s not being used to well more oil; it’s being used to mine bitcoin.
2019-5-8 20:07 | |
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By CCN. com: A report published in local Brazilian news outlet Zero Hora has revealed that Brazilian police have made an arrest in connection with a suspected crypto money laundering scheme. An accidental discovery The report, which was published on April 23, claims that the State Department of Drug Trafficking (Denarc) in Porto Alegre, Rio Grande do Sul came upon a house where cryptocurrencies were being mined as they were on the trail of a suspected drug trafficker.
2019-4-28 14:36 | |
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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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Brazilian police arrested a man that was apparently running a crypto money laundering scheme in Brazil. The information was released by the local news site Gauchazh on April 23. As per the report, law enforcement officials shut down a Bitcoin (BTC) mining farm that operated in a clandestine drug laboratory in Porto Alegre. Suspect Arrested […]
2019-4-25 00:20 | |
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Brazilian police have arrested a man on suspicion that he was running a drug trafficking ring and laundering funds using Bitcoin. According to a local report, law enforcement officials found a clandestine drug laboratory containing Bitcoin mining equipment in Porto Alegre, in southern Brazil, and arrested the unnamed man yesterday.
2019-4-24 18:07 | |
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By CCN. com: CCN reported deeply on a pyramid scheme involving cloud mining and a highly pumped-and-dumped cryptocurrency called B2G (“Bitcoiin2G”). It was one of the longest and deepest reports of this reporter’s life.
2019-4-20 11:47 | |
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Amit Bhardwaj, a man accused of running a $300-million Bitcoin Ponzi scheme, has reportedly been granted bail on medical grounds, citing a deteriorating kidney condition. The former entrepreneur, who was arrested in Bangkok last year, was reportedly admitted into Apollo Hospital in India, maintaning he needed regular dialysis treatment to treat his condition.
2019-4-4 13:46 | |
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Young Crypto Entrepreneur Arrested In Hong Kong Wong Ching-kit has been a mythical figure in the Asian crypto community for a while now. Some see the Hong Kong native as a successful, smart entrepreneur that.
2019-3-2 09:00 | |
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Wong Ching-kit, a 25-year-old businessman from Hong Kong was recently arrested after being accused of a crypto mining-related fraud scheme. According to the local media outlet China Morning Post, the man got famous before the arrest for throwing money to the people in the street from a high commercial building in the city. Ching-kit was […]
2019-3-1 05:06 | |
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Over 30 people have come forward to the police after being scammed by a supposed crypto mining scheme that promised a 70 percent return on investment, the Bangkok Post reports on February 18, 2019. Mining for Money In the world of blockchain, it seems like it is another day, another scam.
2019-2-20 16:00 | |
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On January 7, 2019, The South China Morning Post reported that several residents had been duped of over HK$3 million (~$382,000) in a crypto mining scheme by entrepreneur Wong Ching-kit. Backstory: Face of a Mining Operation Wong Ching-kit, a cryptocurrency entrepreneur, has been accused of running a scam by several Hong Kong residents who accuse him of making away with just under.
2019-1-9 12:00 | |
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January 6th, South China Morning Post (SCMP) reported on a possible investment scheme created by Wong Ching-kit that may have duped Hong Kong based investors out of millions. The “Coin Young Master” (Wong) runs various online groups to promote cryptocurrencies, from Facebook pages to the self-proclaimed co-founding of “File Cash Coin”. He is being accused […]
2019-1-7 21:33 | |
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A Hong Kong-based entrepreneur has been accused of duping numerous investors in a cryptocurrency mining hardware investment scheme
2019-1-8 16:32 | |
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The news outlet Observer reported on December 12, 2018, that Bail Bloc would be directing their Monero mining contributions to bail migrants out in ICE detention facilities. The “cryptocurrency scheme against bail” is partnering with the Immigrant Bail Fund to help the roughly 44,000 detainees finance their indemnity.
2018-12-14 14:00 | |
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The ongoing bear market has caused another cryptocurrency company to downsize its operations. Bitmain, the Beijing-headquartered bitcoin mining technology giant, has now begun shutting down its research and development center in Ra’anana, Israel.
2018-12-10 21:50 | |
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Statum Global is a company that works as an MLM cryptocurrency scam. According to some information provided by the firm, they are located out of Hong Kong and Eathan Cheng seems to be the founder. According to a report made by Behind MLM, there is no information about Cheng and that it is only related […]
2018-12-7 01:54 | |
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The Collapse Of Omnia Tech And The Rise Of A New Trading Ponzi scheme Omnia Tech ventured into the cryptocurrency market as a mining services provider promising lucrative returns on investments. It has held up its end of the bargain the past year and a half, but it is now in the cold as its […]
2018-12-5 19:43 | |
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With more crypto mining schemes popping up every day, it can be quite difficult for unsuspecting individuals who just want a decent source of passive income, to choose the right programs to invest in.
2018-12-4 19:10 | |
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With many crypto mining sites and services springing up these days, all of them hyping money spinning opportunities and looking to get you to invest, it’s hard to know which ones are truly genuine and those that aren’t.
2018-11-22 19:25 | |
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The U. S. Federal Election Commission (FEC) has given tacit permission for mining pools to donate to political campaigns. The FEC released a memo on their website on November 13, 2018, to provide background information to a formal meeting that would take place on November 15.
2018-11-20 00:41 | |
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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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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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By now, you’ve probably heard of the pseudo-cryptocurrency Initiative Q. Many people with little understanding of either economics or technology have been sharing social media marketing relating to the scheme, which promises to change the future of finance, but appears little more than a successful data mining scam.
2018-11-7 01:00 | |
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