Ponzi Scheme – Page 9

Scams are driving South African authorities to regulate crypto trading

The Financial Sector Conduct Authority is demanding tighter regulatory control over cryptocurrency.

Update: “Coin Signals” trader also faces charges from the CFTC

Arrested by the FBI earlier today, the 24-year-old Spence also faces civil charges of fraud that look to bar him from future trading.

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FBI arrests 24-year-old crypto trader for commodities and wire fraud

The trader was both lying to investors and using an unregistered derivatives strategy on BitMex.

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Lawyer Who Represents Victims of Alleged Spanish Crypto Ponzi Says It Could Be the ‘Biggest One’ in the Country

Lawyer Who Represents Victims of Alleged Spanish Crypto Ponzi Says It Could Be the 'Biggest One' in the Country The Arbistar case victims’ defense lawyer claims that the overall number of those affected amounts to 32,000 families with at least 93.4 million euros ($113.55 million) in losses. Lawyer in Arbistar Case Reveals Details on Class-Actions Lawsuits Against the Alleged Crypto Ponzi Scheme During an interview with Eldiario, Carlos Aránguez, a Spanish lawyer who represents […]

The post Lawyer Who Represents Victims of Alleged Spanish Crypto Ponzi Says It Could Be the ‘Biggest One’ in the Country appeared first on Bitcoin News.

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Crypto trader and accused Ponzi scheme is now fighting the SEC and jilted investors

The SEC subpoenas the former owner’s bank accounts to find out what happened to investments into Crypto Traders Management.

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Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered

The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims of “tens of millions of dollars.” Fraudulent Claims […]

The post Mastermind of Bitcoin Mining Ponzi Scheme Extradited to the US: $20 Million in Victims’ Funds Laundered appeared first on Bitcoin News.

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Justice Department extradites alleged BTC mining ponzi operator from Panama

AirBit Club’s leadership have been gathered in New York City and will face charges for stealing “membership dues” to finance massive marketing events and lavish personal lifestyles.

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Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown

Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown Chinese police have seized more than $4.2 billion worth of crypto assets in its clampdown against the Plustoken Ponzi scheme. According to a court ruling made public on Nov. 26, and shared by The Block, law enforcement confiscated a total of 194,775 bitcoin (BTC), 833,083 ether (ETH), 1.4 million litecoin (LTC), and 27.6 million EOS. […]

The post Chinese Police Seize $4.2 Billion in Multiple Cryptocurrencies From Plustoken Ponzi Clampdown appeared first on Bitcoin News.

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Chinese police seized crypto assets worth $4.2B today from PlusToken Ponzi

Court filings from Nov. 19 show that a large volume of crypto assets, including Bitcoin and Ether, was seized from seven convicts in the PlusToken case.

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Charged Aussie Bitconnect promoter faces up to 47 years in prison

The Australian could be 99-years old by the time he is released if he’s sentenced to the maximum penalty.

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