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Some of those caught up in an alleged $3.6 billion crypto Ponzi scheme are refusing to aid police investigations as they still expect to triple their investments. Go to Source Powered by WPeMatico
The lynchpin of Inksnation, one of Nigeria’s biggest crypto Ponzi Schemes, Omotade-Sparks Amos Sewanu, has been captured. According to Nigeria’s Economic and Financial Crime Commission (EFCC), Sewanu, who was on the run, was nabbed in Sokoto, a city located in the northwest part of the country. Still, in its May 28 Twitter statement, the EFCC … Read more
The investigation against an alleged major Spanish Ponzi crypto scheme will now be in charge of the National Court of Spain. A judge from the national legal instance is now taking the investigation of Arbistar after the inhibition of a judge in Tenerife. Economic Damages Could Reach Over $120 Million According to El País, judge … Read more
The founder of the Argyle Coin Ponzi scheme has escaped paying a $4.5 million penalty to the SEC for operating a “web of fraudulent companies.” Go to Source Powered by WPeMatico
Kraken Bitcoin strategist Pierre Rochard debates professor of computer science Jorge Stolfi on whether Bitcoin meets the definition of a Ponzi scheme. Go to Source Powered by WPeMatico
The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency. Go to Source Powered by WPeMatico
Arrested by the FBI earlier today, the 24-year-old Spence also faces civil charges of fraud that look to bar him from future trading. Go to Source Powered by WPeMatico
The trader was both lying to investors and using an unregistered derivatives strategy on BitMex. Go to Source Powered by WPeMatico
The Arbistar case victims’ defense lawyer claims that the overall number of those affected amounts to 32,000 families with at least 93.4 million euros ($113.55 million) in losses. Lawyer in Arbistar Case Reveals Details on Class-Actions Lawsuits Against the Alleged Crypto Ponzi Scheme During an interview with Eldiario, Carlos Aránguez, a Spanish lawyer who represents … Read more
The SEC subpoenas the former owner’s bank accounts to find out what happened to investments into Crypto Traders Management. Go to Source Powered by WPeMatico
