Search
Musk, SpaceX, Tesla Sued for Alleged DOGE Pyramid Scheme
17.6.2022
Popular investor and business magnate Elon Musk, along with SpaceX and Tesla, were recently sued on Thursday for $258 billion by a DOGE investor, Keith Johnson. He accused Musk of running a pyramid scheme to back Dogecoin. The complaint was filed in Manhattan’s federal court, where plaintiff...
Elon Musk, Tesla, Spacex Facing $258 Billion Lawsuit for Promoting Dogecoin
16.6.2022
Elon Musk, Tesla, and Spacex are being sued for $258 billion over claims that they “are engaged in a crypto pyramid scheme (aka Ponzi scheme) by way of dogecoin cryptocurrency.” The lawsuit states that Musk and his companies “falsely and deceptively claim that dogecoin is...
Chinese Authorities Prosecute Alleged Masterminds Behind MDC Pyramid Scheme
18.5.2022
Chinese authorities in Rong County recently said they have prosecuted eight individuals accused of being the masterminds behind the Magic Data Chain (MDC) pyramid scheme. The pyramid is thought to have handled transactions with a total value of over $147 million. Virtual Currency Pyramid Scheme...
New York Man Arrested, Charged With Fraud For Alleged Role in $59M Crypto Pyramid Scheme
12.5.2022
A New York man has been arrested and charged with fraud for his role in alleged crypto investing scheme “EminiFX."
Chinese Authorities Arrest Alleged Masterminds Behind an Online Virtual Currency Pyramid Scheme
16.3.2022
Authorities in China recently announced the arrest of ten suspects they say are behind an online pyramid platform that is thought to have stolen millions of dollars from unsuspecting users. The suspects are accused of using the promise of high returns and a regular income to lure more victims....
Shanghai Police Bust $16M Crypto Pyramid Scheme
15.3.2022
The scheme was Shanghai's first cracked case of an online pyramid scheme using cryptocurrencies, according to the police
More evidence game devs hate NFTs and crypto
25.1.2022
The results from a survey by the Game Developers Conference are in, and they reveal a deep-seated distaste for NFTs, crypto, and the Metaverse
Jailed Onecoin Mastermind Accused of Using Contraband Mobile Phone to Move $20 Million
25.11.2021
Karl Sebastian Greenwood, one of the masterminds behind the Onecoin pyramid scheme, recently used a contraband mobile phone to move at least $20 million while holed up in a prison in the United States, an attorney for one of the scheme’s victims has said. Onecoin Mastermind Taking Advantage...
Finiko Founder Doronin Offers to Testify Against 44 Accomplices at Crypto Pyramid
22.11.2021
Kirill Doronin, mastermind of the Russian crypto Ponzi scheme Finiko, has proposed to testify against dozens of his former associates he claims violated his order to accept only cryptocurrency from investors. The founder of Russia’s largest financial pyramid in modern times has already...
Onecoin Victims Petition Bulgaria for Seizure of Assets and Compensation
19.11.2021
A lawyer representing investors defrauded by the notorious crypto scam Onecoin has urged authorities in Bulgaria to act on the case, claiming that the “world’s largest pyramid scheme” is still operating from the country. In a petition with the Bulgarian Constitutional...
Finiko Fugitives Suspected of Moving 750 BTC From Crypto Pyramid’s Wallet
13.11.2021
A large amount of cryptocurrency has reportedly been withdrawn from a wallet previously controlled by the Finiko Ponzi scheme in Russia. The wallet’s unknown operators have transferred coins worth $48 million this month. The digital currency was split into smaller amounts and deposited...
Investors Lost $10,000 on Average to Russian Crypto Pyramid Finiko, Poll Reveals
13.10.2021
Investors defrauded by the Russia-based cryptocurrency Ponzi scheme Finiko have sent the crypto pyramid an average exceeding 720,000 rubles, or more than $10,000 at current exchange rates. The assessment comes from a survey of victims conducted by a public non-profit organization. Fifth of Finiko...
Mastermind of Zimbabwean Bitcoin Pyramid Scheme Vanishes With $6 Million
3.9.2021
Reports from Zimbabwe suggest that an individual by the name of Martin Mhlanga, who is the mastermind behind the Cryptoshares bitcoin pyramid scheme, has disappeared along with over $6 million in investor funds. In addition to Mhlanga’s disappearance, the individuals thought to be managing...
Dead By Daylight Patch Fixes Pyramid Head’s Ass
11.8.2021
The latest update to multiplayer horror game Dead by Daylight fixed a lot of bugs, but the most important change has to do with Pyramid Head and his luscious booty.Read more
Argentinean Police Detain Two People Connected to Alleged Crypto Scam Intense Live
21.5.2021
As cryptocurrencies become a trending topic across Argentina, local authorities hunt virtual currencies scammers amid the coronavirus-driven crisis and high inflation levels. The Argentine Federal Police detained two members of an alleged pyramid scheme operating in a northern province....
John Lennon’s Son Defends Bitcoin- Musician Highlights Carbon Footprint Tied to Consumerism
16.5.2021
Over the course of the last week, the concern tied to the environmental impact bitcoin mining produces continues to be a very topical discussion. On May 14, the musician and activist, Sean Ono Lennon, the son of John Lennon and Yoko Ono, said that he’s more concerned with consumerism than...
Spanish Police Detain Four People Allegedly Involved in a $15M Crypto Ponzi Scheme
9.1.2021
The Spanish police detained four people of different nationalities this week for allegedly running a $15 million crypto Ponzi scheme. According to the police, “many victims” filed a complaint against them. Victims Believed Their Bitcoins Went to a Legit Company According to Policia...
Lawyer Who Represents Victims of Alleged Spanish Crypto Ponzi Says It Could Be the ‘Biggest One’ in the Country
16.12.2020
The Arbistar case victims’ defense lawyer claims that the overall number of those affected amounts to 32,000 families with at least 93.4 million euros ($113.55 million) in losses. Lawyer in Arbistar Case Reveals Details on Class-Actions Lawsuits Against the Alleged Crypto Ponzi Scheme During...
Mastermind of Alleged Billion Dollar Spanish Pyramid Scheme Arrested, Faces 16 Year Prison Sentence
23.10.2020
The CEO of Arbistar the Spanish investment company, Santiago Fuentes, has been arrested and arraigned on charges of fraud, belonging to a criminal organization and money laundering. Fuentes, who has been in hiding since September, was arrested at one of his properties in the south of Tenerife....
Philippines Regulator Warns Investors to Steer Clear of Mining City’s Bitcoin Vault Ponzi
15.10.2020
There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault.” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project. One thing is for sure...