Judge Rules 2 Obscure Altcoins as Commodities in $120M Ponzi Scheme
In a crypto Ponzi case, an Illinois district court judge declared two lesser-known altcoins commodities, siding with the CFTC.
Tag ponzi
New York Jury Convicts Promoters in IcomTech Crypto Ponzi Scheme Trial
Two former promoters of the purported crypto mining and trading company IcomTech were found guilty of a wire fraud conspiracy by a New York jury.
US SEC Cracks Down on CryptoFX for Running $300M Ponzi Scheme
Under cover of the cryptocurrency trading platform CryptoFX, the US SEC has charged 17 persons with organizing a $300 million Ponzi scam.
SEC Charges 17 Individuals in $300M CryptoFX 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…
Cryptoqueen’s Brother Spared Further Jail Time in $4 Billion OneCoin Scam Case
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…
Alleged “Ponzi Scheme” Forsage Founders indicted by US DOJ
The founders-Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov, have been accused of aggressively promoting Forsagea as a legitimate and lucrative business opportunity.
A Ponzi wallet is the fifth-largest MATIC holder, on-chain data reveals
The Ponzi scheme's associated address has acquired 22.37 million MATIC, or around $27.32 million.
BitConnect victims to receive $17 million as Restitution
According to a decision in a Californian court, about 800 victims of the infamous BitConnect scheme may shortly receive a piece of $17 million in restitution
Crypto Ponzi Scheme OneCoin’s Founder Pleads Guilty to Wire Fraud, Money Laundering
OneCoin leader Karl Sebastian Greenwood is accused of operating one of the largest international fraud schemes ever perpetrated.
Indicted Founder of BitConnect Satish Kumbani has Disappeared
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…
