Bitcoin Ponzi Scammer Arrested by Jakarta Police for Sexual Assault
Russ Albert Medlin — co-founder of alleged crypto Ponzi scheme BitClub — was arrested in South Jakarta for sexual assault on minors. Go to Source Powered by WPeMatico
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BTC in Peril, Quadriga “Ponzi,” Coinbase Punished: Hodler’s Digest, June 8–14
The Bitcoin uptrend could be in peril, QuadrigaCX described as a “Ponzi scheme,” and Coinbase is punished for outages. Go to Source Powered by WPeMatico
Plus Token Leadership Faces Criminal Prosecution in China
PlusToken main criminal suspect got caught and is now facing local court prosecution Go to Source Powered by WPeMatico
PlusToken Scammer Implicated in China’s Second Ten-Figure Crypto Ponzi
Six people have pled guilty to operating a crypto MLM scam that absorbed roughly $1 billion from over 700,000 investors Go to Source Powered by WPeMatico
COVID-19 Defense Fails Once More for Co-Founder of Alleged $9M Crypto Ponzi
In the case against an alleged crypto Ponzi scheme founder, judges are not convinced that the risk of COVID-19 is enough to allow posting a bail bond for release. Go to Source Powered by WPeMatico
Onecoin Lawsuit Continues: Judge Lifts Stay Order, Investigators Search for ‘Crypto Queen’
In mid-April, news.Bitcoin.com reported on the unsealed indictment tied to the Onecoin cofounder Sebastian Greenwood. At the same time, U.S. Judge Valerie Caproni had placed a stay order on the case against Greenwood, Konstantin Ignatov, Mark Scott and David Pike. Now Judge Caproni has lifted the stay and the court case against the defendants can … Read more
Judge Rules Lawsuit Targeting Multi-Billion OneCoin Ponzi Can Proceed
The judge presiding over a class-action lawsuit targeting the executives behind the OneCoin Ponzi scheme has allowed the case to proceed. Go to Source Powered by WPeMatico
OneCoin Investors Ask Judge Not to Scrap Suit While New Indictment Is Unsealed
A indictment alleging conspiracy to commit wire fraud against OneCoin co-founder Karl Greenwood was unsealed ahead of his June pre-trial conference Go to Source Powered by WPeMatico
Crypto Staking Wallet Offers 1.5% Daily Returns: Ponzi in Progress?
A cryptocurrency staking app looks like a Ponzi scheme and might be related to an exit scam from 2018, according to a former victim Go to Source Powered by WPeMatico
Charges of Fraudulent Pretense: US Court Unseals Onecoin Cofounder’s Indictment
Manhattan prosecutors from the New York Southern District Court (NYSD) have unsealed indictment charges against Onecoin cofounder Sebastian Greenwood. The documents allege that Greenwood, alongside his accomplices Ruja Ignatova the ‘Crypto Queen’ and her brother Konstantin Ignatov, committed fraud on a multi-billion dollar level. Meanwhile, as the public finds out that Greenwood has five charges … Read more
