Ponzi Scheme – DIGIT INFO

The Bots Were Fake: SEC Sues Privvy Founder Over $12.3 Million Crypto Scheme

DIGIT — Mon, 01 Jun 2026 08:30:02 +0000

The U.S. Securities and Exchange Commission has sued a Texas entrepreneur it says raised $12.3 million from about 150 investors by promising profits from artificial-intelligence trading bots that did not exist. A “ Crypto Arbitrage” Operation Built on a Lie According to a complaint filed on May 29, the Securities and Exchange Commission (SEC) has […]

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Michael Saylor Slams Boris Johnson’s Bitcoin Ponzi Allegation as £20K Loss Story Surfaces

DIGIT — Sun, 15 Mar 2026 01:30:08 +0000

Bitcoin’s credibility came under fire after former U.K. Prime Minister Boris Johnson labeled the cryptocurrency a Ponzi scheme, prompting Strategy’s Michael Saylor to fire back and defend bitcoin’s decentralized design. Michael Saylor Pushes Back as Boris Johnson Triggers New Bitcoin Legitimacy Debate Debate over bitcoin intensified after former U.K. Prime Minister Boris Johnson criticized the […]

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Crypto ‘Liquidity Pools’ Mask $328 Million Ponzi Scheme, CEO Arrested

DIGIT — Fri, 27 Feb 2026 04:30:26 +0000

Federal prosecutors allege a massive cryptocurrency investment fraud that funneled hundreds of millions from investors into a lavish lifestyle, placing Goliath Ventures CEO Christopher Alexander Delgado at the center of a sweeping criminal case. $328M Crypto Ponzi Scheme Exposed: Goliath Ventures CEO Arrested in Federal Fraud Case Federal authorities continue to target large-scale financial fraud […]

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Judge Sentences PGI Founder to 20 Years for $201 Million Bitcoin Ponzi Scheme

DIGIT — Sat, 14 Feb 2026 23:30:08 +0000

The CEO of Praetorian Group International has been sentenced to 20 years in prison for running a global bitcoin Ponzi scheme that defrauded more than 90,000 investors of over $201 million. Deceptive Trading Promises A U.S. judge has sentenced Ramil Ventura Palafox, 61, to 20 years in prison for orchestrating a global Ponzi scheme through […]

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Fraud Exposed: 40,000 Investors Caught in Crypto Ponzi as Jury Finds Sales Leader Liable

DIGIT — Sat, 14 Feb 2026 06:30:02 +0000

A federal jury delivered a sweeping verdict in a crypto Ponzi scheme that ensnared roughly 40,000 investors, marking a decisive step in escalating enforcement efforts and intensifying scrutiny of large-scale digital asset fraud. Crypto Ponzi Targeting 40,000 Investors Crushed—Verdict Signals Stronger Market Oversight Ahead The U.S. Securities and Exchange Commission (SEC) issued a statement on […]

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Global Bitcoin Ponzi Scheme Leaves Investors Facing $63M in Losses

DIGIT — Mon, 22 Sep 2025 02:30:26 +0000

A $200 million crypto Ponzi scheme has unraveled, exposing a vast global fraud that lured 90,000 investors with fake returns and funded outrageous luxury spending. CEO Pleads Guilty in $200M Global Crypto Ponzi Scheme The U.S. Department of Justice (DOJ) announced on Sept. 17 that the chief executive of a global bitcoin investment venture has […]

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Bitcoin vs. Social Security: Former Maryland Governor’s Ponzi Scheme Remark Sparks Fury

DIGIT — Sat, 10 May 2025 22:40:38 +0000

Former Maryland Gov. Martin O’Malley recently compared bitcoin to a Ponzi scheme while defending the U.S. Social Security Administration. The comparison drew criticism from bitcoin supporters, who countered by asserting that Social Security itself resembles a Ponzi scheme. O’Malley: Trump Administration After Social Security’s $2.6 Trillion Surplus In a recent speech defending the U.S. Social […]

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$198M Crypto Mirage? SEC Targets AI Trading Kingpin in Global Ponzi Uprising

DIGIT — Sat, 26 Apr 2025 03:30:22 +0000

A $198 million crypto fraud empire disguised as AI trading has been unraveled, exposing a luxury-fueled Ponzi scheme that spanned the globe. AI Autotrader or Smoke and Mirrors? The SEC Exposes What PGI Really Was The U.S. Securities and Exchange Commission (SEC) announced on April 22 that it has charged Ramil Palafox, founder of PGI […]

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Operator of Brazilian Crypto Ponzi Scheme Sentenced to 128 Years in Prison

DIGIT — Fri, 18 Apr 2025 11:30:55 +0000

The Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in prison. Souza was identified as the main operator of Braiscompany, a Brazilian crypto scheme that raised over $100 million from nearly 20,000 investors. Brazilian Crypto Ponzi Scheme Operators Receive Combined Sentences of Over 170 Years in Prison […]

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Over $4 Billion Moved by Cryptocurrency Scams in Paraguay

DIGIT — Fri, 18 Apr 2025 05:30:07 +0000

Diosnel Alarcon, head of the cybercrime unit of the National Police of Paraguay, has indicated that over $4 billion was moved by cryptocurrency scams and Ponzi schemes in 2023 and 2024. Alarcon stated that middlemen help these platforms thrive, as people investing don’t know the basics of crypto. Paraguay Registers $4 Billion in Cryptocurrency Scams […]

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