crypto ponzi scheme – DIGIT INFO

CFTC accuses pastor of shilling $6M crypto Ponzi to congregants

DIGIT — Wed, 11 Dec 2024 06:09:31 +0000

The CFTC has accused a pastor of promoting a crypto scheme to churchgoers, which it alleged promised guaranteed returns of nearly 35%.

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SEC charges siblings over $60M Ponzi touting a crypto trading bot

DIGIT — Tue, 27 Aug 2024 01:54:00 +0000

The SEC has accused the two brothers of using investor money to fund lavish lifestyles, including the purchase of cars and a multimillion-dollar condominium.

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US Authorities Charge Man in Connection With $43 Million ‘Classic’ Ponzi Scheme

DIGIT — Sat, 04 May 2024 11:17:34 +0000

U.S. authorities have charged a man they accuse of operating a Ponzi scheme, which purported to invest in a cryptocurrency trading enterprise. The operator of the scheme is accused of defrauding investors of at least $43 million. FBI Assistant Director James Smith said the actions of Idin Dalpour not only “sever the trust of clients,” […]

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SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme

DIGIT — Tue, 07 Mar 2023 03:30:28 +0000

The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make Ponzi-like payments to fund investors,” the SEC alleged. SEC’s ‘Emergency Action’ Against […]

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SEC Charges 4 People in $295M Global Crypto Ponzi Scheme That Duped Over 100,000 Investors

DIGIT — Sun, 06 Nov 2022 07:30:12 +0000

The U.S. Securities and Exchange Commission (SEC) has charged four people for their roles in a global cryptocurrency Ponzi scheme that duped more than 100,000 investors worldwide. The scheme raised more than $295 million in bitcoin. SEC Says ‘Trade Coin Club’ Is a Crypto Ponzi Scheme The U.S. Securities and Exchange Commission (SEC) announced charges […]

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Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US

DIGIT — Tue, 13 Sep 2022 11:49:45 +0000

The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five years in prison, according to the U.S. Department of Justice (DOJ). “The defendants allegedly misappropriated large sums of investors’ money to lease a Lamborghini, shop at Tiffany & Co., make a payment on a second […]

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Kenyan Law Enforcement Agency Arrests Two Students Accused of Using Stolen Funds to Buy BTC

DIGIT — Fri, 17 Jun 2022 22:30:19 +0000

Two Kenyan students accused of hacking credit cards and using the ill-gotten funds to buy bitcoin have been arrested by the Directorate of Criminal Investigations, a statement from the law enforcement agency has said. After converting the cryptocurrency to local currency, the two students would use the fraudulently acquired funds to sustain their lavish lifestyle. […]

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SEC Halts $62 Million Crypto Mining, Trading Scheme — DOJ Indicts Founder

DIGIT — Mon, 09 May 2022 00:30:03 +0000

The U.S. Securities and Exchange Commission (SEC) has halted a $62 million global cryptocurrency trading and mining scheme and the Department of Justice (DOJ) has indicted its CEO and founder. If convicted of all counts, he faces a maximum total penalty of 45 years in prison, the Justice Department. SEC Halts $62M Global Cryptocurrency Fraud […]

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US Charges Indian Citizen in $3.4 Billion Crypto Ponzi Scheme Bitconnect

DIGIT — Sun, 27 Feb 2022 04:30:37 +0000

The founder of the $3.4 billion crypto Ponzi scheme Bitconnect has been charged in the United States. “If convicted of all counts, he faces a maximum total penalty of 70 years in prison,” said the U.S. Department of Justice. Bitconnect’s Founder Could Go to Prison for 70 Years The U.S. Department of Justice (DOJ) announced […]

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FBI Helps to Train Nigerian Crypto Crime Investigators

DIGIT — Sun, 29 Aug 2021 13:30:57 +0000

The United States government through the FBI recently helped to run a training exercise whose goal is to enhance the capacity of Nigerian cryptocurrency crime investigators, the U.S. Mission Nigeria (USMN) has said. The exercise saw over 50 Nigerian investigators and prosecutors participate. Understanding the Trends In its August 25 tweet, the USMN reveals that […]

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