Search
$198M Crypto Mirage? SEC Targets AI Trading Kingpin in Global Ponzi Uprising
26.4.2025
A $198 million crypto fraud empire disguised as AI trading has been unraveled, exposing a luxury-fueled Ponzi scheme that spanned the globe. AI Autotrader or Smoke and Mirrors? The SEC Exposes What PGI Really Was The U.S. Securities and Exchange Commission (SEC) announced on April 22 that it...
PGI Global Founder Hit With Fraud Charges in Alleged $200M Crypto Ponzi Scheme
23.4.2025
According to the SEC, Ramil Palafox misappropriated more than $57 million in customer funds, using it to buy Lamborghinis and luxury products
SEC and feds charge man over $200M crypto trading scheme
23.4.2025
The US Securities and Exchange Commission and federal prosecutors have charged a man they allege created a crypto scheme that swindled 90,000 people out of $200 million in the hopes of earning returns from Bitcoin and forex trading.The SEC said on April 22 that it had charged Ramil Palafox, a dual...
SEC and feds charge man over $200M crypto trading scheme
23.4.2025
The US Securities and Exchange Commission and federal prosecutors have charged a man they allege created a crypto scheme that swindled 90,000 people out of $200 million in the hopes of earning returns from Bitcoin and forex trading.The SEC said on April 22 that it had charged Ramil Palafox, a dual...
Feds Mistakenly Order Estonian HashFlare Fraudsters to Self-Deport Ahead of Sentencing
18.4.2025
Ivan Turogin and Sergei Potapenko ran a crypto mining Ponzi scheme that defrauded investors around the world of more than $575 million
Leaders of $190M Brazilian Crypto Ponzi Scheme Sentenced to Over 170 Years in Prison
18.4.2025
The alleged crypto Ponzi scheme lured some 20,000 investors with false promises and raised over $190 million from them
Operator of Brazilian Crypto Ponzi Scheme Sentenced to 128 Years in Prison
18.4.2025
The Brazilian justice system sentenced Joel Ferreira de Souza to 128 years, 5 months, and 28 days in prison. Souza was identified as the main operator of Braiscompany, a Brazilian crypto scheme that raised over $100 million from nearly 20,000 investors. Brazilian Crypto Ponzi Scheme Operators...
Over $4 Billion Moved by Cryptocurrency Scams in Paraguay
18.4.2025
Diosnel Alarcon, head of the cybercrime unit of the National Police of Paraguay, has indicated that over $4 billion was moved by cryptocurrency scams and Ponzi schemes in 2023 and 2024. Alarcon stated that middlemen help these platforms thrive, as people investing don’t know the basics...
$2.5M Crypto Scheme Busted: Nigerian Suspect Tracked to US Custody
12.4.2025
A globe-spanning crypto romance scam that funneled $2.5 million through digital wallets has unraveled, exposing a mastermind now staring down 40 years behind bars. Feds Hunt Down Suspect in $2.5M Crypto Scam—Now He Faces 40 Years in Prison The U.S. Department of Justice (DOJ) announced on April...
Ukraine Considers Up to 23% Personal Income Tax on Crypto in Newly Proposed Tax Scheme
9.4.2025
Under a proposal, certain crypto transactions would be taxed at the country’s standard 18% rate, as well as an extra 5% levy to support the country’s war costs
Tariff Watch: Trump Defends Current Scheme and Vows Further Hikes
8.4.2025
President Donald Trump remarked on the effects of the newly established reciprocal tariff scheme, including lower prices across the board and reduced inflation. He also stated that the U.S. would respond with stiffer tariffs if China continued to retaliate. Trade War Escalates as Trump Celebrates...
WazirX Creditors Back Restructuring Plan to Payback $230M Hack Victims
8.4.2025
The scheme would trigger an initial payout within 10 business days, followed by phased resumptions of withdrawals and trading, subject to regulatory compliance
Crypto Exchange MEXC Halts Market Manipulation Scheme
26.3.2025
MEXC said it has liquidated a large-scale group of market manipulators engaged in various malicious activities, including self-trading, spoofing, and front-running. Presence of Institutional Actors Draws Concern Cryptocurrency exchange MEXC recently announced that it liquidated a large-scale...
Spanish Police Bust $32 Million Crypto Pyramid Scheme
20.3.2025
Spanish police dismantled a criminal gang behind a fraudulent cryptocurrency pyramid scheme that defrauded over 3,600 victims of more than $32 million. Fake Bitcoin Investment Platform Spanish law enforcement recently busted a criminal gang behind a fake cryptocurrency pyramid scheme that fleeced...
Massive Campaign Uses Over 700K Wallets in Cryptojacking Scheme
15.3.2025
A cryptojacking campaign that encompasses the use of over 700K cryptocurrency addresses has been unveiled by cybersecurity company Ciberark. Massjacker is a crypto jacking tool, meaning that it hijacks the clipboard of the infected devices, changing the cryptocurrency addresses into others,...
Get Rich Quick In Avowed With Our Totally Legal Scheme
14.3.2025
Crashing on the shores of Avowed’s Living Lands, I didn’t have two gold pieces to rub together. But with one quick scheme—okay, it was actually multiple methods in a concerted effort—I managed to fill my coin purse and farm money fast in Avowed.Read more
MTI Co-Mastermind Clynton Marks Arrested Over Unanswered Questions
13.3.2025
One of the alleged co-masterminds of the South African bitcoin Ponzi scheme MTI has been detained for failing to provide a satisfactory explanation for the disappearance of bitcoins from his account. Marks’ Answers Unsatisfactory Clynton Marks, one of the alleged masterminds of the South...
Robert Kiyosaki Doubles Down on Bitcoin, Calls Monetary System a Ponzi Scheme
10.3.2025
Robert Kiyosaki warns that a massive market crash has begun, potentially devastating the financial futures of millions of baby boomers. He urges investors to turn to bitcoin as a safeguard. Kiyosaki Sounds Alarm: Market Crash and Flight to Real Assets Robert Kiyosaki, author of the bestselling Rich...
Ghana’s Central Bank Cancels Costly Gold-for-Oil Barter Scheme Amid Massive Losses
6.3.2025
Ghana’s gold-for-oil barter scheme has been halted by the central bank, according to Bank of Ghana Governor Johnson Asiama. Stabilizing Foreign Exchange Markets The Ghanaian central bank has suspended a barter trade scheme in which it swapped gold for oil, according to a report. Johnson...
FBI Arrests Three in Pig Butchering Crypto Scam Tied to $13M Fraud Scheme
27.2.2025
Federal authorities arrested three individuals in California for allegedly laundering over $13 million from victims of crypto investment scams known as “pig butchering.” The suspects, including Chinese nationals Mingzhi Li and Zeyue Jia, along with Jun Shi, allegedly created shell companies—Magic...