2022-10-23 18:00 |
South Africa's National Consumer Commission (NCC) has released a report declaring Obelisk a crypto pyramid scheme.
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Francisley Valdevino da Silva, known as the "cryptocurrency sheik," has 20 seizure warrants against him.
2022-10-8 20:35 | |
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According to a press release issued by the U.S. Securities and Exchange Commission (SEC) on August 1st, eleven people have been charged for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that brought up more than $300 million from millions of retail investors across the globe. The decentralized finance (DeFi) […]
2022-8-2 01:17 | |
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Like any financial system, the crypto space has its fair share of scams and pyramid schemes. Amidst the growing adoption and emergence of more of these schemes, the SEC has indicted 11 individuals for their connection with a global crypto Ponzi Scheme that spanned two years.
2022-8-2 00:09 | |
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The US Securities and Exchange Commission (SEC) charged eleven people on August 1 for their involvement in Forsage, a fraudulent crypto pyramid scheme that raised $300 million from investors around the world.
2022-8-2 23:33 | |
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The SEC has charged the team behind Forsage for allegedly running a crypto pyramid and Ponzi scheme, which may have cost investors over $300 million worldwide. Both Pyramid and Ponzi...
2022-8-2 20:33 | |
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The Pi Network is a controversial “cryptocurrency” that has attracted millions of users from… The post Pi Network: Is This Crypto Legit or Is It a Scam and Pyramid Scheme? appeared first on CoinJournal.
2022-6-24 15:24 | |
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Elon Musk is facing a colossal lawsuit that alleges that he, as well as his companies, Tesla and SpaceX, were “engaged in a crypto pyramid scheme by way of Dogecoin cryptocurrency. ” The lawsuit seeks a $258 billion settlement over Musk’s alleged involvement in the claimants being “defrauded out of money” by the Dogecoin (DOGE) cryptocurrency.
2022-6-17 01:00 | |
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The lawsuit, filed in Manhattan on Thursday, claims Elon Musk, electric vehicle manufacturer Tesla, and space exploration startup SpaceX are masterminds of a “Dogecoin Crypto Pyramid Scheme” which resulted in the plaintiff losing money.
2022-6-17 23:42 | |
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A lawsuit has been brought against Elon Musk, Tesla and SpaceX for participating in the promotion of Dogecoin, which the accuser claims is a pyramid scheme. A Crypto Pyramid Scheme...
2022-6-17 21:47 | |
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Коллапс Terra похож на крушение финансовой пирамиды, заявил CEO и основатель Pershing Square Capital Management миллиардер Билл Акман. When I read about the ‘algorithm’ of @terra_money it sounds just like a crypto version of a pyramid scheme.
2022-5-18 20:52 | |
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The cryptocurrency industry is currently digesting the rise and fall of Singapore-based Terraform Labs’ network token Terra (LUNA) and stablecoin TerraUSD (UST). Following the unexpected collapse of almost $45 billion in market value over the course of a week, much has been made about the project’s architecture, namely its supposedly defective algorithm, which was led […]
2022-5-19 20:20 | |
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Коллапс Terra похож на крушение финансовой пирамиды, заявил CEO и основатель Pershing Square Capital Management миллиардер Билл Акман. When I read about the ‘algorithm’ of @terra_money it sounds just like a crypto version of a pyramid scheme.
2022-5-18 16:26 | |
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Prominent hedge fund manager Bill Ackman says that Terra is a crypto version of a pyramid scheme
2022-5-18 21:50 | |
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A New York man has been arrested and charged with fraud for his role in alleged crypto investing scheme “EminiFX.”
2022-5-13 00:44 | |
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A New York man has been arrested and charged with fraud for his role in alleged crypto investing scheme “EminiFX.”
2022-5-13 00:44 | |
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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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The Bitcoin community is euphoric about the rejection of the EU's plan to ban proof-of-work cryptocurrencies. However, Ripple proponents have used the opportunity to decry regulators' bias.
2022-3-16 21:16 | |
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The scheme was Shanghai's first cracked case of an online pyramid scheme using cryptocurrencies, according to the police.
2022-3-16 15:30 | |
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Local police from the Fengxian district country Bureau in Shanghai China have arrested 31 people for alleged illegal pyramid schemes. During the crackdown, police seized over 400 million yuan ($62.
2021-11-7 19:35 | |
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The Brazilian Police Force confiscated 591 bitcoin amounting to 150 million Brazilian real (about $28.6 million) in a crackdown on a suspected fraudulent scheme. According to a CNN Brazil report, federal police as part of “Operation Kryptos” – an ongoing investigation of an alleged financial pyramid scheme arrested 5 persons in connection with the crime […]
2021-8-28 17:38 | |
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As cryptocurrencies become a trending topic across Argentina, local authorities hunt virtual currencies scammers amid the coronavirus-driven crisis and high inflation levels. The Argentine Federal Police detained two members of an alleged pyramid scheme operating in a northern province.
2021-5-21 10:00 | |
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A pyramid scheme where “somebody will be burnt” or an “exciting innovation?” Is this the year of the nonfungible token?
2021-3-15 17:07 | |
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Gold advocate and American stockbroker Peter Schiff implied that bitcoin was a Pyramid scheme and that BTC holders are compelled to convince other users to purchase the crypto. Taking to Twitter, the The post This gold advocate calls Bitcoin a pyramid scheme appeared first on AMBCrypto.
2020-12-30 01:30 | |
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A few months after the launch of DBS Digital Exchange, Singapore’s largest financial services provider has announced plans to launch a crypto trading platform. Investment holding Singapore Exchange has already shared that it will own 10% of the shares of the new trading platform.
2020-12-11 20:50 | |
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In 2019, one of the biggest narratives in the crypto market was the PlusToken pyramid scheme. The post Trader fears $200m in Ethereum collected by a new crypto Ponzi could cause a “disaster” appeared first on CryptoSlate.
2020-9-9 14:00 | |
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Former Bitsonar employee Yaroslav Shtadchenko has filed an FBI complaint accusing the crypto investment firm of operating like a pyramid scheme.
2020-9-7 20:00 | |
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Police said the man is the first to be charged under the Multi-Level Marketing and Pyramid Selling (Prohibition) Act.
2020-7-5 11:23 | |
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An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors.
2020-7-1 23:49 | |
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The Ugandan Ministry of Finance have once again issued a warning about investing in crypto-assets, over concerns of rising Ponzi and pyramid schemes. Local sources say the Government is now updating its Penal Code Act to outlaw these types of scams Crypto Ponzi schemes are pilfering Ugandan investors Uganda’s State Minister of Finance, David Bahati, spoke to Uganda’s Parliament yesterday, and asked the government to publish public warnings to Ugandan investors about the risks ofRead More The post appeared first on Bitcoinist.com.
2020-2-6 05:00 | |
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Over 5,000 victims of the alleged crypto pyramid scheme Dunamiscoins petitioned the Ugandan Parliament asking to refund the lost money
2020-1-18 23:16 | |
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Bitconnect, one of the most notorious and widespread pyramid schemes in crypto history, crashed two years ago today. BitConnect Scheme Unraveled as Bitcoin Moved Away from Peak Prices The crypto lending scheme, known for its mass-audience meetings and pervasive messages, promised huge rates of return, depending on always-booming BTC prices.
2020-1-16 17:30 | |
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The directors of an alleged cryptocurrency pyramid scheme in Uganda have appeared in court to face 65 counts tied to obtaining money by false pretense
2020-1-8 13:37 | |
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The regulators are unable to find the man responsible for a $140 million Bitcoin pyramid scheme
2020-1-7 18:40 | |
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An alleged crypto pyramid in Uganda stole money from its employees and covertly closed down its offices
2019-12-7 20:54 | |
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The world’s biggest crypto exchange, Binance, is the latest target of a pyramid scheme using renowned crypto-based companies and individuals to propagate their fraudulent activities. This is after the company was targeted by a company accused of running a crypto ponzi scheme in Singapore.
2019-10-29 22:16 | |
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In March 2019, the United States Attorney’s Office for the Southern District of New York issued a release announcing that the Manhattan U.S. Attorney will be charging the leaders of OneCoin. The release referred to OneCoin as a “pyramid scheme” that involves the sale of “fraudulent” crypto. According to a report by Finance Feeds, the […]
2019-10-23 19:12 | |
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A former attorney from Locke Lord LLP pled not guilty on a new indictment that further charged him with bank fraud and laundering $400 million related to a widely known cryptocurrency scam, OneCoin.
2019-10-12 22:06 | |
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Alleged financial pyramid, Atlas Quantum rejects court deadline to resolve delayed BTC withdrawals
2019-9-20 02:52 | |
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The U.S. FTC settles with alleged crypto pyramid schemes Bitcoin Funding Team and My7Network for a total of over $500,000
2019-8-26 00:40 | |
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The U. S department of Justice is looking to extradite Swedish citizen for money laundering, wire fraud and securities fraud through a crypto scam amounting to $11 million USD. The blockchain world has long been troubled by the scams, thefts and hacks prevalent on the users’ private keys.
2019-6-20 17:25 | |
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Rwanda’s central bank has issued a warning about alleged ICO scams and crypto pyramid schemes targeting the country’s residence
2019-5-31 00:45 | |
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Crypto Pyramid Creator With Over 300 Fraud Cases Nabbed By Russian Police The Russian Police has arrested the creator of a crypto pyramid scheme. Accused of defrauding investors through his scam scheme, the pyramid creator the country’s ministry of internal affairs reports that he has over 300 fraud cases leveled against him. The scammer who […]
2019-5-29 22:02 | |
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Russian police have arrested the alleged creator of a Kazakh crypto pyramid scheme who confessed to illegally crossing the Russian border on horseback
2019-5-29 16:18 | |
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By CCN: On Thursday, the U. S. Securities and Exchange Commission (SEC) filed a civil injunctive action against the operator of an alleged pyramid scheme that raised $26 million from investors. The defendant in the case is Daniel Pacheco, 45, a resident of San Clemente, California who has been charged by the SEC with selling unregistered securities as well as operating a multimillion-dollar cryptocurrency pyramid scheme.
2019-5-28 09:16 | |
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The Brazilian police recently arrested criminals in connection with a cryptocurrency pyramid scheme worth more than $200 million. The gang defrauded about 55,000 Brazilians by promising enormous profits afterward, local news media outlets reported on May 21st.
2019-5-25 04:03 | |
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California resident Daniel Pacheco has been accused by the U.S. SEC of allegedly operating a $26 million cryptocurrency pyramid scheme
2019-5-24 21:49 | |
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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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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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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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Pantera-backed crypto exchange VALR will now offer services in Poland as part of its global expansion efforts. South African cryptocurrency exchange VALR is moving beyond the African continent, choosing Poland as its first stop in expansion across the globe. In…
According to industry insiders, the upcoming South African elections on May 29 will not affect the nation’s cryptocurrency agenda. According to Mpumelelo Ndamane, CEO of South Africa-based crypto wallet provider Nuud Money, the elections will steer clear of cryptocurrencies. “We’ve been pretty…
According to a recent Reuters report, South Africa’s Financial Sector Conduct Authority (FSCA) has approved 59 operating licenses for crypto businesses. This significant development comes as Africa’s most industrialized economy takes progressive steps towards regulating the asset class.
South Africa is set to become one of the first countries in Africa to mandate licenses for crypto exchanges.
Crypto companies that wanted to continue operating in the country had to apply for a license with the Financial Sector Conduct Authority from June 1.
South Africa (SA) is projected as one of the most crypto-friendly African countries. However, a recent development suggests that the crypto industry in the country may be enduring a torrid time as US crypto firms move to block users in the country.
The Financial Sector Conduct Authority (FSCA) of South Africa has made an announcement, stating that all cryptocurrency exchanges operating within the country must obtain licenses by the end of the year.