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Category: Ponzi Scheme
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Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme
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800 victims of ‘massive’ Bitconnect fraud to receive $17M restitution
The millions will be distributed among the select number of victims, but thousands more were impacted by the $2.4 billion fraudulent scheme.
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Executives from $1.5B South Korean crypto exchange fraud jailed
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO was previously sentenced to a 22-year prison term.
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$4B OneCoin scam co-founder pleads guilty, faces 60 years jail
The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering.
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Onecoin Co-Founder Pleads Guilty to Fraud Charges in US
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Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail.
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Another Member of Russian Crypto Pyramid Finiko Arrested in UAE
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Wikipedia Editors List FTX’s Questionable Blunder as the Top Trading Loss of All-Time
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Trouble in the Bahamas following FTX collapse: Report
The locals say they are having to contend with vacant apartments and the loss of job opportunities, once provided by the collapsed exchange.
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