Ponzi scheme

$1.1 bn Cryptocurrency Scam Could Be Linked to Plus Token Pyramid Scheme
May 18, 2020 at 13:48
News
$1.1 bn Cryptocurrency Scam Could Be Linked to Plus Token Pyramid Scheme
A new crypto scam originating in China and involving the loss of at least $1.1 billion worth of cryptocurrencies from more than 700,000 users is thought to be related to the previous Plus Token Ponzi scheme that also exited with some $2.9 billion.
British Financial Regulator Freezing $128m for Dealing with Onecoin Pyramid
Mar 03, 2020 at 12:49
News
British Financial Regulator Freezing $128m for Dealing with Onecoin Pyramid
A British digital payment platform halted operations after the Financial Conduct Authority (FCA) suspended its license, which cost its clients over $128 million.
Police Arrest Cryptocurrency Ponzi Fraudsters Who Cheated Baseball Athletes
Feb 09, 2020 at 11:24
News
Police Arrest Cryptocurrency Ponzi Fraudsters Who Cheated Baseball Athletes
More digital currency snags as two notorious Arizona Men that operated a $1,000,000 USD cryptocurrency Ponzi business are under arrest for promoting illegal activities.  Tokens are gradually becoming a common practice in the sports sector globally, and since we have had bad players in this nascent field, this scam doesn’t come as a surprise to many.
Imprisoned OneCoin Crypto Launderer Faults the US Court’s Lawsuit Against Him
Feb 06, 2020 at 13:34
News
Imprisoned OneCoin Crypto Launderer Faults the US Court’s Lawsuit Against Him
American attorney Mark Scott, who used to work for one of the biggest digital currency Ponzi schemes, OneCoin, is now trying to get an exoneration just three months after his conviction by a U.S court of illicit operations, money laundering and scams.
Bitcoin Ponzi Scheme Left African Investors with No Money
Jul 09, 2019 at 14:35
News
Bitcoin Ponzi Scheme Left African Investors with No Money
Another Ponzi scheme, dubbed Bitcoin Wallet, left investors with nothing, according to the Ladysmith Gazette. The investment scheme was one of the most lucrative projects in South Africa that saw many potential people, investors and companies willingly put their money in it, with the hope of acquiring abnormal returns in the shortest time possible.
Pyramid Scheme: What Next for Ticino Crypto Investors?
Mar 18, 2019 at 10:37
News
Pyramid Scheme: What Next for Ticino Crypto Investors?
The long-awaited arrest of Konstantin Ignatov, one of the founders of OneCoin, by the American authorities is being discussed in Ticino, Italian-speaking canton of Switzerland. In the past few months, some investors in Ticino bought this Bulgarian crypto founded in 2014.
A Ponzi Scheme is Detected in Russia, the Central Bank Takes Measures
Sep 30, 2018 at 15:38
News
A Ponzi Scheme is Detected in Russia, the Central Bank Takes Measures
The Central Bank of the Russian Federation has revealed a fraudulent financial system called Cashberry. The project was aimed at inducing people to invest their money in the scam scheme, offering highly lucrative returns on fiat and crypto investments.
Ethereum's Gambling Problem Gets Worse Daily, Ponzi Schemes are Increasing
Aug 20, 2018 at 10:06
News
Ethereum's Gambling Problem Gets Worse Daily, Ponzi Schemes are Increasing
From July this year, things resembling Ponzi schemes, fraudulent schemes where earlier investors are paid with the money taken from new investors, giving the impression that the scheme is a viable investment, have flooded the charts among decentralised applications (dapps) operating on the global's second-biggest Blockchain, exceeding even the pace of famous CryptoKitties.
Founder of GainBitcoin Has Offered to Compensate All Victims in Indian Rupees
Jul 21, 2018 at 10:58
News
Founder of GainBitcoin Has Offered to Compensate All Victims in Indian Rupees
The mastermind behind the detestable bitcoin Ponzi GainBitcoin has proposed to reimburse thousands of victims who encountered losses during the blueprint that consisted of an initial of almost $150 million in cryptocurrency.
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