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US Sentences Crypto Fraudster to 15 Years in Prison After Duping Thousands of Investors
9.7.2021
A Swedish man has been sentenced to 15 years in prison in the U.S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more than $16 million. The U.S. Department of Justice (DOJ) announced Thursday that a “cryptocurrency...
US Authorities Seek Court Order to Shut Down Crypto Trading Platform Allegedly Duping Thousands of Investors
8.5.2021
New York Attorney General Letitia James is seeking a court order to immediately shut down the operations of cryptocurrency exchange Coinseed. The attorney general previously filed a lawsuit against the crypto exchange but the platform allegedly continued to operate and dupe investors....
How Ponzi Schemes Are Using Cryptocurrencies to Dupe Investors
1.3.2020
A Ponzi scheme can be classified as a kind of fraudulent investment scheme wherein investors are promised an exceptionally large return on their investment. The organizers promise a high return and that too, without any significant risk attached to the investment. As one can easily make out,...