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Ruja Ignatova, founder of the crypto pyramid Onecoin, may have been murdered in Greece a year after her disappearance. According to an article, quoting а leaked report from a police informant, the “missing Cryptoqueen” was killed on a yacht in the Ionian Sea more than four years ago. Murder in the Mediterranean – Another Theory … Read more
More than $17 million in restitution will be distributed among investors in the pyramid scheme Bitconnect under a court order in the United States. The notorious crypto investment scheme defrauded thousands of people around the world. Bitconnect Investors From Dozens of Countries to Be Paid Back Millions of US Dollars A total of over $17 … Read more
The millions will be distributed among the select number of victims, but thousands more were impacted by the $2.4 billion fraudulent scheme. Go to Source Powered by WPeMatico
The latest court action now takes the number of V Global execs behind bars up to seven, as the CEO was previously sentenced to a 22-year prison term. Go to Source Powered by WPeMatico
The co-founder of the fraudulent scheme is set to be sentenced in April 2023 on charges relating to wire fraud and money laundering. Go to Source Powered by WPeMatico
Karl Sebastian Greenwood, a co-founder and operator of Onecoin, has pled guilty to his part in building the notorious crypto pyramid. The fake cryptocurrency’s “global master distributor” has been in custody since 2018 when he was arrested in Thailand and extradited to the United States. Cryptoqueen’s Partner at Onecoin Admits Role in Multimillion-Dollar Fraud Co-founder … Read more
Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could land them 20 years in jail. Go to Source Powered by WPeMatico
Law enforcement authorities in the United Arab Emirates have detained a top Finiko representative, sought for his role in the crypto Ponzi scheme which defrauded thousands of investors around the world. This is the second arrest in the Gulf state of a high-ranking member of the pyramid announced in the past month. Finiko Fraudster Caught … Read more
Following the collapse of FTX at the beginning of November, two top executives from FTX and Alameda Research — Sam Bankman-Fried and Caroline Ellison — have been listed among traders with the top trading losses worldwide on Wikipedia. According to the Wiki page, Bankman-Fried’s and Ellison’s so-called ‘trading loss’ of 51 billion nominal U.S. dollars … Read more
The locals say they are having to contend with vacant apartments and the loss of job opportunities, once provided by the collapsed exchange. Go to Source Powered by WPeMatico