Pyramid Scheme – DIGIT INFO

Crypto pyramid scheme leader extradited to China after global pursuit

DIGIT — Fri, 23 Aug 2024 06:47:25 +0000

As digital currencies continue to gain popularity worldwide, the risk of related economic crimes also increases.

Montenegro arrests executive suspected of $21M crypto fraud

DIGIT — Wed, 21 Aug 2024 03:31:35 +0000

Montenegrin police arrested FutureNet co-founder Roman Ziemian, alleging he was living under a false identity in the country’s capital city.

Go to Source

Ronaldinho denies part in alleged $61M crypto scam at congressional hearing

DIGIT — Fri, 01 Sep 2023 03:44:00 +0000

The former pro soccer player said in a congressional hearing that his likeness was improperly used to market an allegedly fraudulent crypto scheme.

Go to Source

Ukraine Dismantles $40 Million Russian Crypto Pyramid

DIGIT — Thu, 06 Apr 2023 21:30:48 +0000

Ukrainian law enforcement has exposed a financial pyramid originating from Russia suspected of making millions of U.S. dollars. The scam convinced victims to send fiat money and cryptocurrency by promising profitable investments in big companies around the world. Large Crypto Pyramid Scheme With Russian Roots Busted in Ukraine Officers from the Security Service of Ukraine […]

Go to Source

Onecoin Head of Legal and Compliance Charged for Role in Crypto Pyramid

DIGIT — Wed, 22 Mar 2023 13:00:51 +0000

Authorities in the U.S. have announced charges against a former Onecoin executive for her alleged role in the notorious crypto pyramid scheme. Bulgarian national Irina Dilkinska, who was extradited on Monday, may face up to four decades in prison if found guilty on counts of fraud and money laundering. Bulgarian Woman Handed Over to US […]

Go to Source

Report: Egyptian Police Arrest 29 Alleged Masterminds of Crypto Mining App Scam

DIGIT — Tue, 14 Mar 2023 09:30:10 +0000

The Egyptian police are reported to have recently arrested 29 individuals associated with the Hoggpool cryptocurrency mining app scam. In addition to seizing 95 mobile phones and 3,367 SIM cards, the police said domestic and foreign currency valued at $194,000 was recovered during the arrests. According to a lawyer representing over 1,000 victims, as many […]

Go to Source

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

DIGIT — Thu, 23 Feb 2023 22:30:47 +0000

Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With Running Cryptocurrency Pyramid A […]

Go to Source

Forsage founders indicted over $340M DeFi ‘Ponzi scheme’

DIGIT — Thu, 23 Feb 2023 02:56:50 +0000

According to the Department of Justice, Forsage employed smart contracts which were coded in ways consistent with a Ponzi scheme.

Go to Source

Bitconnect Victims to Receive Over $17 Million in Restitution From Ponzi Scheme

DIGIT — Sat, 14 Jan 2023 05:30:34 +0000

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 […]

Go to Source

$4B OneCoin scam co-founder pleads guilty, faces 60 years jail

DIGIT — Mon, 19 Dec 2022 05:41:25 +0000

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