Search

Nalezeno "Ponzi-scheme": 187

CEO of Crypto Ponzi Scheme IcomTech Handed Five-Year Sentence

22.1.2024
The CEO of a large-scale crypto Ponzi scheme known as IcomTech has been sentenced to five years in prison and ordered to forfeit $914,000 in criminal proceeds. On January 19th, the U.S. Attorney’s Office, Southern District of New York, issued a press release stating that Marco Ruiz Ochoa...

DOJ Charges Two Men For $25 Million Crypto “Trading Bot” Ponzi Scheme

13.12.2023
Source: Department of Justice In another crackdown against crypto criminals, the U.S. Department of Justice (DOJ) has charged two middle-aged men with stealing over $25 million from victims in a so-called “cryptocurrency Ponzi scheme.” Citing court documents, the DOJ accused David Gilbert Saffron...

Promoters and Attorney of $100 Million Crypto Mining Ponzi Scheme Sentenced to Prison

4.10.2023
Three individuals involved in a global fraud and money laundering operation linked to the cryptocurrency scheme, AirBit Club, have received prison sentence, Department of Justice revealed in a press release. Scott Hughes, an attorney who played a key role in laundering approximately $18 million...

Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme

27.9.2023
Former IcomTech head Marco Ochoa is the latest crypto fraudster to face charges, while the CFTC charged another company and its head

Fraudster Faces 12-year Jail Sentence for $100M Crypto Ponzi Scheme

27.9.2023
Pablo Renato Rodriguez, co-founder of the major crypto-based pyramid scheme AirBit Club, has been sentenced to 12 years in prison by US District Judge George B. Daniels. Rodriguez and his co-conspirators, including Gutemberg Dos Santos, orchestrated the AirBit Club scheme, which lured unsuspecting...

Report: Brazilian Court Fines Mastermind of South African Bitcoin Ponzi Scheme

16.8.2023
A court in Brazil has found Johann Steynberg, the mastermind of the bitcoin ponzi scheme Mirror Trading International (MTI), guilty in a case in which he is accused of using a forged identity document. The court, however, commuted Steynberg’s three-and-a-half-year sentence to a fine of just...

$7.8B lost in crypto ponzi and pyramid schemes in 2022: Report

28.6.2023
Illicit activities related to crypto increased across the sector in 2022 despite an overall market downturn

Crypto Ponzi Schemes Cost Victims $7.8B in 2022: TRM Labs

28.6.2023
Ponzi schemes dominated the crypto crime landscape in 2022, with $7.8 billion funneled from victims, blockchain analytics firm said in a new report

Ponzi Schemes, Restraining Orders, Bankruptcies, Congestions and 20 Crypto Jokes

13.5.2023
Read More: Ponzi Schemes, Restraining Orders, Bankruptcies, Congestions and 20 Crypto Jokes

Ireland's Central Bank Governor Labels Unbacked Cryptos as Ponzi Schemes

10.5.2023
Unbacked cryptocurrencies are more like a "Ponzi scheme" than an investment, argued Central Bank of Ireland Governor Gabriel Makhlouf - but adding that "crypto is not going away very soon." In a Friday blog post, Makhlouf stated that Ireland's Central Bank differentiates between 'backed'...

Louisiana Senator Compares Modern Banks to ‘Sophisticated Ponzi Schemes’

7.5.2023
Louisiana Republican senator John Kennedy recently stated in an interview published on Wednesday that the U.S. Federal Reserve may need to increase the federal funds rate to 8-10% to address the country’s inflationary pressures. Kennedy’s remarks come after he criticized the Biden...

US Court Orders Operator of South African Bitcoin Ponzi Scheme to Pay Over $3.4 Billion

2.5.2023
Johann Steynberg, the founder and CEO of Mirror Trading International, has been ordered to pay over $1.73 billion in restitution to victims of his bitcoin ponzi scheme. The court has also ordered Steynberg to pay a civil monetary penalty of a similar amount. The Commodity Futures Trading Commission...

Multiple US state regulators allege AI trading dApp is a Ponzi scheme

5.4.2023
The alleged scheme claimed it could generate returns of up to 2.2% a day by leveraging AI to trade more often and with higher profits than a person could

Founders of Multimillion-Dollar Global Crypto Ponzi Scheme ‘Airbit Club’ Plead Guilty

10.3.2023
The founders and promoters of multimillion-dollar cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to various criminal charges. Airbit Club victims were promised “guaranteed daily returns on any membership purchased,” the U.S. Department of Justice (DOJ) detailed. Airbit...

Feds discover DeFi’s alleged $340 million Ponzi scheme

24.2.2023
Centralized exchanges are under threat of being reprimanded by regulators in the US. When it appeared that things would be limited to the exchange sector, it was discovered that another sector was preparing for a serious allegation: decentralized finance (DeFi). In light of recent events, the...

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme

23.2.2023
Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage....