Philippine SEC Warns Against Crypto Schemes
Philippine SEC warns against investment schemes including one based on the Ethreum blockchain it says is a Ponzi scheme. Go to Source Powered by WPeMatico
Ponzi Scheme
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The Most Famous Financial Pyramids in the Crypto World
Crypto itself has only been around for a decade, and the space has already gained its top Ponzi scheme actors. Here are three of them. Go to Source Powered by WPeMatico
OneCoin Marketing Scam Operator Fined $72,000 in Singapore
A Singapore man was fined $72,000 for operating a multi-level marketing scheme linked to the Ponzi scheme OneCoin. Go to Source Powered by WPeMatico
Filipino Crypto Scammers Are Impersonating Government Officials for Profit
The Philippines Department of Finance warns people that Bitcoin Revolution uses government officials’ names to spread fake news endorsing their business. Go to Source Powered by WPeMatico
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
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