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Nigeria’s Economic and Financial Crimes Commission (EFCC) is seeking the public’s help in locating Omotade Sparks Amos Sewanu, the mastermind behind the Inksnation crypto scam. According to a notice published in the local media on November 11, the EFCC wants Sewanu to respond to fraud charges relating to Inksnation’s purported crypto token- Pinkoin. The Inksnation … Read more
There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure, there’s been a number of crypto Ponzi operations over the years, … Read more
If the courtroom drama of OneCoin is not enough, you’ll soon see the whole thing play out on the big screen. Go to Source Powered by WPeMatico
A South African group calling itself “Anonymous ZA” has published fresh information that seemingly supports long-standing allegations that Mirror Trading International (MTI), an ostensible bitcoin investment company, is running a multi-level marketing scam. The new information, which was reportedly obtained after a breach of MTI internal systems, shows that the investment company is “entirely structured … Read more
A Spain based crypto Ponzi scheme, Arbicorp abruptly froze accounts of more 120,000 investors on September 12, after the discovery of an error that causes one of its cryptocurrency trading bots to overpay. Arbicorp claims that the error, which went unnoticed for almost a year, led to its trading bot called Community Bot, to pay … Read more
Following the latest ruling on the OneCoin class-action lawsuit, we look into the biggest Ponzi scheme in crypto. Go to Source Powered by WPeMatico
They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated. Go to Source Powered by WPeMatico
While nobody can find the man behind alleged ponzi scheme Control-Finance, the CFTC is asking the court to throw the book at him. Go to Source Powered by WPeMatico
The OneCoin case now seems to turn the sibling founders against each other. Go to Source Powered by WPeMatico
Last week the firm Phoenix Thoroughbreds was reportedly banned from horse racing in France over the founder’s alleged involvement with the crypto Ponzi scheme Onecoin. Last November, Onecoin cofounder Konstantin Ignatov, the Cryptoqueen’s brother, told New York prosecutors Phoenix Thoroughbreds owner Amer Abdulaziz Salman was one of the “money-cleaners under the guidance of Gilbert Armenta.” … Read more