Proceeds were spent on luxury cars, jewellery and real estate, rather than cryptocurrency mining and trading, shock.
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How Billion-Dollar Crypto Scams Lure Victims
In the past week, reports emerged that some key members of the Onecoin scam were found dead in Mexico. According to reports, the two Oscar Brito Ibarra and Ignacio Ibarra may have been kidnapped and murdered but the motives behind their murder is unclear. Onecoin is one of the biggest cryptocurrency Ponzi schemes that creamed […]
The post How Billion-Dollar Crypto Scams Lure Victims appeared first on Bitcoin News.
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Texas Regulators Take Aim at South African Cryptocurrency MLM Scheme
The Texas State Securities Board has successfully shut down the operations of an illegal cryptocurrency investment scheme.
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South African Crypto Investment Company Issued Cease And Desist Order In Texas
The Texas State Securities Board (TSSB) issued a cease and desist order Wednesday against on Mirror Trading International (MTI), Forexandbitcoin.com and four individuals involved in a multi-level marketing scam. Out of the four individuals, Cornelius Johannes Steynberg is a resident of South Africa, while Micheal Aaron Cullison, Steve Herceg and Brian D Knott have US […]
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New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen
The story of Onecoin and cofounder Ruja Ignatova might be seen on television sets in the near future. Reports detail that New Regency Television International participated in a bid for the rights to the BBC Sounds podcast “The Missing Cryptoqueen.” Also read: The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors New Regency Television […]
The post New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen appeared first on Bitcoin News.
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The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors
In late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet. Moreover, police are investigating two churches in New Zealand that allegedly have links to the Onecoin operation and founders. Also read: Onecoin […]
The post The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors appeared first on Bitcoin News.
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China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year
On January 8, China-based blockchain security firm Peckshield published its “2019 Global Digital Asset AML Research Report” noting a variety of crypto trends throughout the year. According to the study, cryptocurrency-based capital flight stemming from China was around $11.4 billion in 2019. Peckshield’s research recorded a number of illegal or otherwise unregulated transactions over the […]
The post China Saw $11.4 Billion in Crypto-Based Capital Flight Last Year appeared first on Bitcoin News.
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Cloud Token and the Rise of MLM Crypto Projects
Chinese law enforcement recently busted 72 individuals connected to the Cloud Token (CTO) scam. The Ponzi was similar to the Plustoken fraud and CTO scammers made off with $500 million. According to regional press, the CTO scam artists are likely connected to the Plustoken swindlers. Moreover, after the Cloud Token arrests in China, police in […]
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Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles
The MLM monitoring publication behindmlm.com revealed on Dec. 1 that the infamous Ponzi scheme Onecoin’s website onecoin.eu has gone offline. According to the domain host Eurid, the onecoin.eu domain name is currently “under legal investigation.” Onecoin’s website going offline follows the recent arrest of the operation’s cofounder Konstantin Ignatov. Also read: Part Deux! Onecoin Buyer […]
The post Onecoin Websites Suspended as the $4 Billion Ponzi Crumbles appeared first on Bitcoin News.
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Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’
On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov […]
The post Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’ appeared first on Bitcoin News.
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