Judge Rules 2 Obscure Altcoins as Commodities in $120M Ponzi Scheme

Key Takeaways The U.S. Securities and Exchange Commission (SEC) has taken legal action against 17 individuals allegedly involved in a $300 million Ponzi scheme. This scheme targeted primarily Latino investors across the U.S. and two other countries. Operating out of…
Key Takeaways Konstantin Ignatov, brother of the infamous “Cryptoqueen” Ruja Ignatova, will not serve any additional time in prison after admitting to his involvement in the OneCoin cryptocurrency fraud following his sister’s disappearance in 2017. On Tuesday, US District Judge…
Charged by a San Diego Court last week with $2.4 Billion worth Ponzi Scheme Charged with Fraud, Wire Fraud, Commodity, Price Manipulation, Money Laundering, etc. Founded Bitconnect in 2016. BitConnect founder Satish Kumbhani, who was charged criminally by a San…