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South African Man Charged in U.S. Court for Fraud Involving $28 Million in Bitcoin and Forex
5.9.2020
A South African man has been charged with fraud in the Maryland District Court for allegedly scamming $28 million from over 1,000 investors. Dennis Jali, a former resident of Maryland, targeted church-going African immigrants, promising them guaranteed returns on his supposed bitcoin (BTC)...
BitClub Promoter Pleads Guilty for Role in $722M Fraudulent Mining Scheme
3.9.2020
50-year-old Joseph Abel pleaded guilty to securities and tax related offenses
US Hopes to Confiscate $400M: DoJ Files Forfeiture Judgment Against Onecoin Launderer
3.9.2020
Prosecutors from the Southern District of New York (SDNY) court have submitted a “forfeiture money judgment” against the former attorney Mark Scott. The lawyer was charged with helping the Ponzi scheme Onecoin launder funds. The U.S. Department of Justice (DoJ) claims that Scott helped...
Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges
2.9.2020
Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars - mostly in bitcoin
OneCoin: A deep dive into crypto’s most notorious Ponzi scheme
1.9.2020
Following the latest ruling on the OneCoin class-action lawsuit, we look into the biggest Ponzi scheme in crypto
Federal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi Scheme
31.8.2020
The accused were also charged by the CFTC and the SEC for allegedly soliciting funds from over 1,000 people for the fake forex and bitcoin trading fund
Ministers used influence to pilfer millions in alleged Ponzi Scheme
28.8.2020
They even wrote a self-help book about becoming a millionaire. Sounds like that may need to be updated
CFTC Seeks $429M Penalty Against Ponzi Operator Who Ghosted Them
21.8.2020
While nobody can find the man behind alleged ponzi scheme Control-Finance, the CFTC is asking the court to throw the book at him
OneCoin Founder's Brother Agrees to Testify Against Sister in Settlement
21.8.2020
The OneCoin case now seems to turn the sibling founders against each other
Onecoin Allegedly Tied to Racehorse Firm, Phoenix Thoroughbreds Removed from France Galop Race
21.8.2020
Last week the firm Phoenix Thoroughbreds was reportedly banned from horse racing in France over the founder’s alleged involvement with the crypto Ponzi scheme Onecoin. Last November, Onecoin cofounder Konstantin Ignatov, the Cryptoqueen’s brother, told New York prosecutors Phoenix...
Monero-Mining Death Metal Band from 2077 Warns Humans on Lizard People Extinction Scheme
18.8.2020
“Everything you heard, every theory that just doesn’t seem possible, every small inkling that something was just off about the world… is true.”
Amid US Postal Service ‘Crisis’ USPS Files Patent for Blockchain Mail-in Voting Scheme
18.8.2020
The United States Postal Service (USPS) is falling apart at the seams and many Americans are blaming the Trump administration. The USPS may have to deal with the U.S. election ballot process, as mail-in votes may be the dominant practice thanks to the coronavirus. Amid the American public’s...
South African Firms Ordered to Cease and Desist in 2 US States for Crypto Debit Card Fraud
17.8.2020
Two U.S. states have issued emergency cease and desist orders to South African firms and a South African national promoting a cryptocurrency debit card scheme. The companies claim that the card is like a traditional Mastercard but the states say the scheme is fraudulent. South African Firms...
Andreas Antonopoulos: Hex Team Offered Me 10 BTC to Speak Well of Their Token
15.8.2020
Andreas Antonopoulos says he was offered 10 BTC for an interview with the objective to show that Hex is not a scam. The alleged offer comes as Hex proponents battle persistent Ponzi allegations. Antonopolous, an influential cryptocurrency advocate, also reveals the offer was on condition he does...
Bitcoin Proceeds of COVID-19 Business Support Scheme Fraud Seized
14.8.2020
The $150,000 worth of Bitcoin was allegedly being used to launder money gained through fraudulent support loan applications on behalf of dummy businesses
From Call Centers to Cryptos: India’s Scammers Don't Seem to Stop
11.8.2020
As cryptos gain ground in India and Bitcoin price spikes, Indian scammers are likely to make the most of the opportunity
Nasdaq-Listed Company Sued for Backing $2 Billion Loans With 83 Tons of Fake Gold
9.8.2020
The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits. $2 Billion Fake Gold Scheme Unravels The gold industry was recently...
Reports Claim UK’s Financial Conduct Authority ‘Pressurized’ to Remove Onecoin Scam Warning
8.8.2020
A recent episode of the popular BBC Sounds podcast the “Missing Cryptoqueen” has shown the public a very interesting view of the powerful Onecoin Ponzi. According to two witnesses the BBC interviewed, a London law firm and a reputation management company allegedly managed to get...
One Month On, Forsage Continues Despite SEC’s Ponzi Warnings
6.8.2020
Forsage members are courting a high risk with the Philippines' securities regulator
Blockstream’s Adam Back Slams Ethereum as a Ponzi-Scheme
6.8.2020
Crypto tribalism shifts up a gear, with Bitcoin pioneer Adam Back lashing out at Ethereum