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Founder of crypto ‘Ponzi’ scheme’ IcomTech sentenced to 10 years in prison
5.10.2024
David Carmona was the “mastermind” behind IcomTech’s “Ponzi scheme," which netted an estimated $8.4 million from victims
Crypto Promoter and Failed Politician Michelle Bond Accused of Illegally Taking FTX Cash
22.8.2024
Michelle Bond, who once ran a Washington-based crypto advocacy group and had served as a U.S. Securities and Exchange Commission lawyer, was indicted in federal court for taking illegal campaign contributions during her 2022 run for Congress, and court documents detail how a river of cash came...
Global manhunt underway for JPEX promoter ‘Coin Young Master’
26.7.2024
Interpol has issued red notices for Wong Ching-kit and his accomplice, Mok Tsun-ting, on charges of fraud, theft, and money laundering
Forcount crypto scheme promoters plead guilty to wire fraud conspiracy
22.7.2024
On July 22, two of the five individuals who allegedly stole $8.4 million from investors between 2017 and 2021 by promoting Forcount pleaded guilty
Australian Court Convicts Bitconnect Promoter for Providing Unlicensed Advice
16.7.2024
John Bigatton, the Australian promoter of Bitconnect, has been convicted by the Sydney District Court for providing unlicensed financial advice, violating section 911B(1) of the Corporations Act 2001, the Australian Securities and Investments Commission (ASIC) announced Monday. Between August 2017...
BitConnect promoter banned for 5 years by Sydney District Court
15.7.2024
John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector
BitConnect promoter banned for 5 years by Sydney District Court
15.7.2024
John Bigatton has been convicted for unlicensed financial advice, impacting the credibility of Australia’s financial sector
Crypto Scam Promoter Pleads Guilty, Faces Up to 20 Years in US Prison
8.6.2024
Juan Tacuri, a major promoter of the cryptocurrency Ponzi scheme Forcount, later renamed Weltsys, has pleaded guilty to conspiracy to commit wire fraud in the Southern District of New York. The scheme primarily targeted Spanish-speaking communities in the U.S., and Tacuri benefited significantly...
Top promoter in Forcount ‘Ponzi’ pleads guilty to wire fraud conspiracy
6.6.2024
Part of the plea deal involved Juan Tacuri forfeiting nearly $4 million and real estate which were purchased with victim funds
Celebrity memecoin promoter Sahil Arora banned by X
4.6.2024
Despite mounting scam allegations and social media bans, Arora continues to promote celebrity memecoins and partnerships
Aussie admits to promoting BitConnect crypto services without a license
18.5.2024
The Australian Securities and Exchange Commission claims that John Louis Anthony Bigatton promoted the crypto lending platform at four seminars and via two social media posts
SEC Charges Two Masterminds Behind $1.9 Billion HyperFund Crypto Ponzi Scheme
30.1.2024
The US Securities and Exchange Commission (SEC) has charged two masterminds behind the $1.9 billion crypto fraud investment scheme HyperFund. The regulator has indicted Australian blockchain entrepreneur Sam Lee and HyperFund promoter Brenda Chunga for their involvement in the Ponzi scheme....
U.S. Arrests 'Bitcoin Rodney,' Alleged HyperVerse Crypto Scheme Promoter, on IRS Charges of Fraud
9.1.2024
Rodney Burton was arrested on Friday in Florida and will be transferred to Maryland
HyperVerse Promoter “Bitcoin Rodney” Arrested in US: Report
8.1.2024
HyperVerse crypto promoter Rodney Burton, better known as “Rodney Bitcoin,” has been arrested for his role in an elaborate crypt investing scheme, court documents reveal. A $58 million debt Court documents filed on January 4th show Burton has been charged with operating and conspiring to operate...
SEC Warns Crypto Investments Can Be ‘Exceptionally Risky’
11.12.2023
The U.S. Securities and Exchange Commission (SEC) has renewed its warning that investments in crypto assets can be “exceptionally risky.” The regulator stressed that crypto-related investments “continue to be replete with fraud, including bogus coin offerings, Ponzi and pyramid...
BitConnect’s Victims to Receive $17M in Restitution Seized From Scam’s Promoter
13.1.2023
A California judge has ordered $17 million in restitution to be paid out to hundreds of victims of the BitConnect Ponzi scheme, the infamous global scam that collapsed in 2018
Australian Markets Regulator Sues Promoter of Crypto Token Qoin
25.10.2022
The Australian Securities and Investments Commission (ASIC) has sued the promoters of the crypto asset Qoin for allegedly running misleading advertisements
First Mover Asia: Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem
21.9.2022
Balina is charged with conducting an unregistered securities offering in 2018 for his SPRK ICO token, but proving that the Ethereum network should be subject to U.S. securities law will be difficult; cryptos largely decline
US Sentences Promoter of $3.4B Bitconnect Crypto Ponzi Scheme to 38 Months in Prison
20.9.2022
The U.S. has sentenced a Los Angeles man to 38 months in federal prison for his role in the $3.4 billion Bitconnect crypto Ponzi scheme. He admitted to earning no less than $24 million from the scam, all of which will now be “repaid to investors in restitution or forfeited to...
ICO Promoter Ian Balina Charged With Violating Federal Securities Laws
19.9.2022
Crypto promoter Ian Balina has been charged with violating federal securities laws for his role in promoting – and later reselling – tokens connected to a 2018 initial coin offering (ICO)