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USD 722m BitClub Ponzi Suspects Ask for Release amid Coronavirus Fears
24.3.2020
Two men accused of setting up the BitClub Network, a cryptocurrency mining Ponzi scheme that allegedly duped thousands of investors out of USD 722 million, have petitioned a New Jersey federal judge to release them from a county jail – as they fear they could contract the coronavirus if they...
Alleged Architects of $720M BitClub Ponzi Request Jail Release Over Coronavirus Risk
24.3.2020
The accused scammers argue they are unable to follow medical advice in an enclosed jail environment
Alleged Operators of $722M Crypto Scheme Seek Jail Release Amid COVID-19 Fears
24.3.2020
The accused scammers’ lawyers have identified several health and safety concerns at the facility
Scramble for Dollars: Emergency Cash Injections in $250 Trillion Global Debt Place the Fiat Ponzi On Ventilator
19.3.2020
The last few weeks of global hysteria has shown there’s been a mad dash for dollars and various fiat currencies. Moreover, central banks have tried to quell cash liquidity issues by injecting trillions into the hands of private banks and hedge funds worldwide. As the financial system shudders...
Bitcoin’s Plunge Due to Traditional Markets Falling or PlusToken Dumping?
10.3.2020
Experts weigh in on Bitcoin’s falling price — is it due to traditional markets falling, or alleged PlusToken scam selling?
Ponzi Scheme PlusToken Might Be Behind Bitcoin's Crash, Traders Say
9.3.2020
Bitcoin (BTC) dropped this weekend to the levels last seen in January, and another reason behind it my be multi-million dollar sell-off by an alleged USD 2.9 billion Ponzi scheme.
As reported, in a surprising twist (if anything can surprise the Cryptoverse anymore), BTC price crashed this weekend...
Legendary Soccer Player Turned BTC Pyramid Detained With Fake Passport
5.3.2020
After his involvement in pyramid schemes of Bitcoin, Ronaldinho Gaucho has been‘arrested’ in Paraguay with fake passports
Co-Founders of Alleged $9 Million Crypto Ponzi Scheme Plead Not Guilty
5.3.2020
Two men who allegedly blew over $2 million worth of investor funds on luxury rentals and casino gambling, now await Jury hearings in July
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,...
CFTC Charges Colorado Resident With Fraud in Crypto Ponzi Scheme
15.2.2020
The CFTC has charged a Colorado individual for allegedly defrauding investors out of more than $500K via a crypto trading scheme
CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft
14.2.2020
The CFTC is charging Breonna Clark and Venture Capital Investments with defrauding investors by pretending to run a commodity pool invested in crypto and foreign currency contracts
$118 Million of Plustoken BTC on the Move Again – New Dump Incoming?
11.2.2020
Plustoken’s stash of bitcoin is on the move again. The haul of ill-gotten gains, amassed during a long-running Ponzi scheme that accrued 187,000 BTC, has been sporadically liquidated, impacting the market price of bitcoin in the process. At 2:46 a.m. today, a known Plustoken address moved...
One Coin, Much Drama: OneCoin Ponzi Scheme Lives on as TV Show
8.2.2020
“OneCoin: the movie” is set to become reality thanks to a U.S. production company
New Regency Television Wins Screen Rights to Onecoin Story – The Missing Cryptoqueen
8.2.2020
The story of Onecoin and cofounder Ruja Ignatova might be seen on television sets in the near future. Reports detail that New Regency Television International participated in a bid for the rights to the BBC Sounds podcast “The Missing Cryptoqueen.” Also read: The Fallout From...
Uganda Targets Cryptocurrencies in Ponzi Scheme Crackdown
6.2.2020
Uganda wants to ban pyramid schemes, but cryptocurrencies may come under fire as well
Unknown Number of Major League Baseball Players Lured into Crypto Ponzi Scheme
6.2.2020
Former pro baseball players and senior citizens are among the victims of a crypto ponzi scheme that defrauded people of at least $7.5 million
OneCoin Crypto Ponzi Scheme Used Fake Reviews to Improve Its Image
29.1.2020
When bad press surrounding the scam started circulating, Onecoin used fake positive reviews TrustPilot and Quora to try to protect its public image
Crypto Ponzi OneCoin May Have Used Flood of Fake Reviews to Boost Ailing Image
29.1.2020
The OneCoin cryptocurrency project – accused by authorities of being a ponzi scheme – attempted to boost its fortunes by using "inauthentic" accounts to place favorable reviews on TrustPilot and Quora, according to new research
The Fallout From Onecoin’s Ponzi Scheme Continues to Impact Investors
25.1.2020
In late 2019, the remnants of multi-level Ponzi scheme Onecoin crumbled. However, Onecoin’s founder, dubbed the ‘crypto queen,’ Ruja Ignatova, remains on the run and law enforcement haven’t caught up with her yet. Moreover, police are investigating two churches in...
Polish Competition Watchdog Calls DasCoin a Ponzi Scheme
16.1.2020
Poland’s competition regulator the UOKiK has warned the public about against the alleged scamcoin DasCoin. The watchdog also orders the token’s operator to cease its “illegal activities.”
The token was exposed as a scam in May last year, following on from a probe into the DasCoin creators...