From Call Centers to Cryptos: India’s Scammers Don’t Seem to Stop
As cryptos gain ground in India and Bitcoin price spikes, Indian scammers are likely to make the most of the opportunity. Go to Source Powered by WPeMatico
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Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning
A recent episode of the popular BBC Sounds podcast the “Missing Cryptoqueen” has shown the public a very interesting view of the powerful Onecoin Ponzi. According to two witnesses the BBC interviewed, a London law firm and a reputation management company allegedly managed to get the UK’s Financial Conduct Authority (FCA) to take down a … Read more
One Month On, Forsage Continues Despite SEC’s Ponzi Warnings
Forsage members are courting a high risk with the Philippines’ securities regulator. Go to Source Powered by WPeMatico
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 … Read more
New Suit Alleges Utahn Ponzi Operators Took the Money and Ran
New suit looks to recover nearly three quarters of a million dollars from alleged ponzi scheme that claimed major altcoin gains amid crypto winter. Go to Source Powered by WPeMatico
South African Bitcoin Investment Company Pushes Back Against Texas Scam Allegations
Mirror Trading International (MTI), a South African bitcoin investment company at the center of a cease and desist order issued by the Texas State Securities Board (TSSB), is pushing back allegations that it is running a Ponzi scheme or a scam. MTI CEO Johann Steynberg issued a statement assuaging MTI members that the organization is … Read more
Youtube Helps Scammers Steal $130,000 in Bitcoin From Investors Daily: Report
Scammers raked-in $24 million in bitcoin during the first six months of 2020, according to a new report from crypto monitoring service Whale Alert. Cyber-thieves are finding it very easy to fool people of their bitcoin (BTC} because their schemes have become believably professional and aggressive, it said in a report published July 10. For … Read more
Zimbabwe’s Battle To Control Currency Inadvertently Boosts Bitcoin Profile
Zimbabwe’s deteriorating economic situation is forcing authorities to sign off on some desperate and controversial decisions. Some of such decisions include the abrupt suspension mobile money as well as the recent designation of Zimswitch as a national payment switch. Reserve Bank of Zimbabwe Suspends Mobile Money Service Owned by banks, Zimswitch is the current payments … Read more
Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi. Balaci pleaded guilty to a superseding information charging him with … Read more
Accomplice in Alleged $722M Bitcoin Ponzi Scheme Pleads Guilty to Charges
One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him. Go to Source Powered by WPeMatico