The directors of an alleged cryptocurrency pyramid scheme in Uganda have appeared in court to face 65 counts tied to obtaining money by false pretense
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Directors of Alleged Crypto Pyramid Scheme Dunamiscoins Stand Trial
Category: Uganda
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Ugandan Crypto Ponzi Scheme Founder Arrested After Pocketing $2 Million
Cryptocurrency scams and Ponzi Schemes seem more prolific in Asia and Africa One Ugandan scammer by the name of Samson Lwanga was recently arrested. In Africa, virtually everyone wants to make extra money as quickly as possible. Another Ugandan Ponzi Scheme Shuts Down It is for this reason that scams and Ponzi Schemes are so popular. Most of these projects tend to disappear pretty quickly after raising a fair bit of money. In Uganda, one such Ponzi Scheme has been shut down indefinitely Samson Lwanga, the director of a project defrauding investors for $2 million, was arrested this week. It
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Prolific Crypto Ponzi Scheme in Uganda Vanishes Overnight
In the cryptocurrency world, there are plenty of people with bad intentions. Most individuals simply want to make money quickly and will go to any length to do just that. It is evident that the number of scams in this industry will not necessarily diminish any time soon. Ugandan Crypto Scam Comes to an End In Uganda, there appears to be one less cryptocurrency Ponzi Scheme as of this week. The project, known as Dunamiscoins, successfully collected millions of dollars from investors across the country. Similar to most other other Ponzi Schemes, investors were swayed by the promise of high
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Ugandan Police Hold Director of Alleged $2.7M Crypto Ponzi Scheme
Ugandan police have reportedly seized Samson Lwanga, a director of Dunamiscoins crypto scam which managed to get $2.7 million from the victims
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Crypto Pyramid Scheme in Uganda Steals Employees’ Money and Closes
An alleged crypto pyramid in Uganda stole money from its employees and covertly closed down its offices
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Central Bank of Uganda Warns Decentralized Cryptocurrencies Are Risky
The deputy governor of the Bank of Uganda has warned the public about the limited protections offered them when they invest in unregulated cryptocurrencies
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President of Uganda to Lead Blockchain Conference in Kampala in July
President Yoweri Museveni of Uganda will be leading a conference in June on blockchain technologies and the “fourth industrial revolution”
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Local.Bitcoin.com Shows Lots of Active BCH Listings From Traders Worldwide
Six days ago news.Bitcoin.com announced the launch of Local.Bitcoin.com, a peer-to-peer marketplace that allows people to trade bitcoin cash (BCH) in a private manner. Since then there have been roughly 14,000 accounts created so far, and many people are actively trading throughout various countries worldwide. Also read: G20 Starts Crypto Discussions – A Look at […]
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Binance Charity Foundation Signs Memorandum of Understanding With Ugandan NGO
Binance has launched a charity program with an NGO in Uganda that will provide supplies and infrastructure to schools in Kampala
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Free Talk Live and Friends Raise $80K in Crypto for Ugandan Orphanage
On Monday, the independently syndicated radio broadcast Free Talk Live (FTL) announced that the organization, along with a group of businesses and FTL listeners, had raised $45,000 in cryptocurrencies to construct an orphanage in Uganda. The initiative also raised another $35,000 in crypto to purchase the land for the orphanage within the small African village. […]
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