investment scheme – DIGIT INFO

Thai authorities arrest five in 3,200-victim, $27M crypto scam

DIGIT — Mon, 11 Sep 2023 14:02:42 +0000

Victims lost over $27 million worth of Thai bhat after investing in a fraudulent cryptocurrency investment platform.

UK uses Love Island star to warn finfluencers on crypto and investment schemes

DIGIT — Fri, 07 Apr 2023 06:50:06 +0000

The financial and advertising regulators posted a seven-part checklist to ensure these social media stars stay within the bounds of the law.

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Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

DIGIT — Thu, 23 Feb 2023 22:30:47 +0000

Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With Running Cryptocurrency Pyramid A […]

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Italy and Albania Bust €15 Million Crypto Investment Scam

DIGIT — Fri, 23 Dec 2022 09:00:54 +0000

Authorities in Italy and Albania have hit a fraud scheme enticing victims with promises of low-risk investments in cryptocurrencies. During an operation coordinated by Eurojust, investigators from the two countries searched a dozen locations and seized assets and computer equipment. Fraudsters Contacted Investors From a Call Center in Tirana, Albania Law enforcement officers in Italy […]

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Terrible crypto trader gets 42 months for fraud, claiming he was a total gun

DIGIT — Thu, 12 May 2022 05:38:50 +0000

Jeremy Spence aka “Coin Signals” scammed around $5 million from 170 investors who were unaware their crypto was used to fund a Ponzi scheme.

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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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Pakistanis Lose Millions to Crypto Scam, Pakistan Issues Notice to Binance

DIGIT — Sat, 08 Jan 2022 22:30:42 +0000

Investors from Pakistan have become victims of a massive fraud using cryptocurrency. The country’s main law enforcement agency has issued a notice to crypto exchange Binance in relation to the scam which resulted in the loss of $100 million dollars for Pakistanis, media reports revealed. Fraudsters Lure Pakistanis to Invest in Cryptocurrency Through Binance Pakistan’s […]

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Bank of Russia Lists Crypto Companies Among Financial Pyramids

DIGIT — Fri, 24 Sep 2021 10:00:44 +0000

The Central Bank of Russia has recently expanded its database of financial market players suspected of illicit activities. Several crypto companies have been added to the list along with entities bearing signs of Ponzi schemes, as well as illegal credit organizations and forex dealers. Central Bank of Russia Blacklists Crypto Platforms As part of its […]

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Russian Court Confirms Arrest Warrants for 3 Finiko Founders

DIGIT — Mon, 20 Sep 2021 04:49:40 +0000

Tatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud in Russia, are still hiding abroad, media reports reveal. Three Finiko Ponzi Scheme Members Still Wanted The Supreme Court of Tatarstan, a republic of the […]

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Brazilian Securities and Exchange Commission Suspends Mining Scheme

DIGIT — Wed, 07 Mar 2018 18:55:52 +0000

Brazil’s Securities and Exchange Commission (CVM) recently suspended the operations of mining investment scheme, Hashbrasil. The CVM has accused the company of violating securities laws by conducting an unregistered public offering. Also Read: Chinese Altcoins Can’t Stop Failing Hashbrasil Suspends Operations After Warning From Brazilian Securities and Exchange Commission The Brazilian Securities and Exchange Commission has […]

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