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Botswana Does Not Have Regulatory Framework for Crypto — Central Bank
12.11.2021
The Bank of Botswana (BOB) has said the country does not have a specific legal or regulatory framework pertaining to crypto assets. The bank does, however, warn residents investing in cryptocurrencies that they will have no legal recourse should they suffer financial losses. Central Bank Responding...
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...
Law Enforcement in Russia’s Samara Region Investigates 8 Cases of Fraud Related to Finiko
28.9.2021
The investigation into the Russia-based crypto pyramid Finiko is growing with law enforcement officials in Samara region announcing they have launched eight criminal cases against Finiko associates. Authorities are also working to identify more victims of the Ponzi scheme, Russia’s largest...
Court Extends Detention of Finiko Pyramid Founder Doronin and His Right-Hand Man
25.9.2021
A court in Tatarstan has extended the detention of Kirill Doronin, founder of Russia’s largest Ponzi scheme in recent times, Finiko. Doronin will spend at least two more months in custody as authorities fear he could hide from law enforcement. Ilgiz Shakirov, vice-president of the crypto...
Russian Court Confirms Arrest Warrants for 3 Finiko Founders
20.9.2021
Tatarstan’s highest court has rejected appeals against arrest warrants issued for three co-founders of the notorious Finiko crypto pyramid. The top representatives of the Ponzi scheme, accused of large-scale fraud in Russia, are still hiding abroad, media reports reveal. Three Finiko Ponzi...
Russian Police Arrest 2 Women, High-Ranking Members of Finiko Crypto Pyramid
11.9.2021
Law enforcement in the Russian republic of Tatarstan have made new arrests in connection with the crypto Ponzi scheme Finiko. Two women detained this week are believed to have attracted millions of dollars to the pyramid. The now collapsed Finiko lured investors from a number of countries in...
Top Finiko Crypto Pyramid Executive Arrested in Russia’s Tatarstan
9.9.2021
A high-ranking representative of Russia’s notorious Finiko Ponzi scheme has been arrested in Tatarstan. Ilgiz Shakirov, a businessman from Kazan, rose to the rank of vice president of the crypto pyramid which is believed to have defrauded millions of investors in the Russian Federation...
Directors of Alleged Crypto Pyramid Scheme Dunamiscoins Stand Trial
8.1.2020
The directors of an alleged cryptocurrency pyramid scheme in Uganda have appeared in court to face 65 counts tied to obtaining money by false pretense
Crypto Pyramid Scheme in Uganda Steals Employees’ Money and Closes
6.12.2019
An alleged crypto pyramid in Uganda stole money from its employees and covertly closed down its offices
US FTC Settles With Alleged Crypto Pyramid Scheme for $500,000
24.8.2019
The U.S. FTC settles with alleged crypto pyramid schemes Bitcoin Funding Team and My7Network for a total of over $500,000
Russian Police Arrest Alleged Creator of Large Crypto Pyramid Scheme From Kazakhstan
29.5.2019
Russian police have arrested the alleged creator of a Kazakh crypto pyramid scheme who confessed to illegally crossing the Russian border on horseback
SEC Charges California Resident for Alleged $26 Million Crypto Pyramid Scheme
23.5.2019
California resident Daniel Pacheco has been accused by the U.S. SEC of allegedly operating a $26 million cryptocurrency pyramid scheme