financial pyramid – DIGIT INFO

Ukraine Dismantles $40 Million Russian Crypto Pyramid

DIGIT — Thu, 06 Apr 2023 21:30:48 +0000

Ukrainian law enforcement has exposed a financial pyramid originating from Russia suspected of making millions of U.S. dollars. The scam convinced victims to send fiat money and cryptocurrency by promising profitable investments in big companies around the world. Large Crypto Pyramid Scheme With Russian Roots Busted in Ukraine Officers from the Security Service of Ukraine […]

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Onecoin ‘Crypto Queen’ Ruja Ignatova Listed Among Europe’s Most Wanted

DIGIT — Fri, 13 May 2022 03:30:01 +0000

Ruja Ignatova, mastermind of the notorious pyramid Onecoin, is now one of Europe’s most wanted fugitives. Also known as the “Crypto Queen,” she disappeared almost five years ago, after the Ponzi scheme she led collected billions of dollars from defrauded investors around the world. Europol Seeks Information on Onecoin Inventor’s Whereabouts The European Union Agency […]

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Another 6 Members of Finiko Crypto Pyramid Arrested in Russia

DIGIT — Sat, 23 Apr 2022 12:30:07 +0000

Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in the Republic of Tatarstan and Russia proper have conducted dozens of searches as part of an ongoing investigation into the pyramid, which defrauded investors around the world. New Arrests in Finiko Case Made in Russian […]

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Crypto Pyramid Busted in Russia, Losses Exceed $10 Million

DIGIT — Thu, 24 Mar 2022 21:30:43 +0000

Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high returns. The Ponzi scheme is being unraveled after a similar project defrauded thousands of investors in Russia, the region, and far beyond. Police Find Crypto Pyramid Organizers in Dagestan, Russia Officers from the Federal Security […]

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Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid

DIGIT — Mon, 22 Nov 2021 05:30:31 +0000

Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already provided detailed testimonies against a long list of accomplices, a media report […]

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Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet

DIGIT — Sat, 13 Nov 2021 02:30:03 +0000

A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited to different addresses. 750 BTC Removed From Crypto Pyramid Finiko Wallet A […]

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Investors Lost $10,000 on Average to Russian Crypto Pyramid Finiko, Poll Reveals

DIGIT — Wed, 13 Oct 2021 11:30:15 +0000

Investors defrauded by the Russia-based cryptocurrency Ponzi scheme Finiko have sent the crypto pyramid an average exceeding 720,000 rubles, or more than $10,000 at current exchange rates. The assessment comes from a survey of victims conducted by a public non-profit organization. Fifth of Finiko Investors Parted With Over 1 Million Rubles Russia is still trying […]

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Law Enforcement in Russia’s Samara Region Investigates 8 Cases of Fraud Related to Finiko

DIGIT — Tue, 28 Sep 2021 13:30:42 +0000

The investigation into the Russia-based crypto pyramid Finiko is growing with law enforcement officials in Samara region announcing they have launched eight criminal cases against Finiko associates. Authorities are also working to identify more victims of the Ponzi scheme, Russia’s largest in recent years. Finiko Members Under Investigation in Samara, Russia The Russian Ministry of […]

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Eastern Europe Sends Over $800 Million in Crypto to Scams in Single Year, Report Reveals

DIGIT — Thu, 02 Sep 2021 21:30:21 +0000

Of all funds sent to illicit cryptocurrency addresses from Eastern Europe, scams attract the greatest amount, according to a new report. In the past year alone, crypto addresses based in the region have sent the fraudulent schemes a staggering $815 million in crypto. Eastern Europe Leads by Volume of Illicit Crypto Transactions Among the world’s […]

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Turcoin Ponzi Scheme Exposed, Founders Flee with Millions

DIGIT — Tue, 19 Jun 2018 22:49:08 +0000

Turkey’s so called “national” crypto, Turcoin, has turned out to be a classical example of a Ponzi scheme, local media reported. The founders of the “alternative” digital currency are believed to have fled the country with millions of dollars collected from defrauded investors. The company behind the Turkish token stopped distributing dividends earlier in June. […]

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