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OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme
4.4.2024
“Irina Dilkinska's involvement in the sprawling OneCoin pyramid scheme was a flagrant breach of conduct,” says U.S. Attorney Damian Williams.
The post OneCoin Legal Exec Sentenced to 4 Years Over Multibillion Dollar Crypto Scheme appeared first on Cryptonews
Robert Kiyosaki Sees Bitcoin as ‘Perfect Asset at the Right Time’ — Calls US Dollar ‘Giant Ponzi Scheme’
27.3.2024
Rich Dad Poor Dad author Robert Kiyosaki has answered multiple questions about bitcoin and the U.S. dollar. Declaring that he is a bitcoin bull, the famous author said the cryptocurrency “is the perfect asset at the right time.” While acknowledging the possibility of bitcoin...
‘Rich Dad, Poor Dad’ Author Suggests Bitcoin Could Be a Scam, But Doesn’t Dismiss Its Potential
26.3.2024
Robert Kiyosaki, best known for his book “Rich Dad, Poor Dad” has voiced his support for Bitcoin. On March 26, he described Bitcoin as “the perfect asset at the right time” but noted that it could be a scam or a Ponzi scheme.
The post ‘Rich Dad, Poor Dad’ Author Suggests Bitcoin Could...
IcomTech Ponzi Scheme Promoters Convicted in New York, Facing Two Decades in Prison
18.3.2024
David Brend and Gustavo Rogriguez, promoters of the fraudulent crypto mining and trading facility IcomTech, have been found guilty of conspiracy to commit wire fraud by a New York jury, a Friday press release from the United States Attorney's Office for the Southern District of New York states.
The...
SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX
15.3.2024
The SEC has taken legal action against 17 individuals involved in an alleged $300 million Ponzi scheme operating under the name CryptoFX, a cryptocurrency trading platform.
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Peter Schiff Regrets Skipping Bitcoin, Reignites Debate on Crypto’s Future
14.3.2024
Longtime Bitcoin critic Peter Schiff has admitted he regrets not investing in Bitcoin when he was first introduced to it in 2010. The American stockbroker, known for advocating for gold investments, had previously mocked Bitcoin as a "pure Ponzi scheme."
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A $300M Ponzi Scheme That Targeted Latinos Falsely Claimed to Buy Crypto, SEC Says
14.3.2024
The U.S. Securities and Exchange Commission sued 17 individuals tied to an alleged Ponzi scheme that took in $300 million from over 40,000 victims
Latam Insights: Argentina Arrests $400 Million Cryptocurrency Ponzi Scheme Founders, Brazil Defines Crypto Regulation as a Priority
10.3.2024
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: $400 million cryptocurrency Ponzi scheme founders were arrested in Argentina, the Central Bank of Brazil established cryptocurrency regulation as a priority...
Founders of $400 Million Cryptocurrency Ponzi Scheme Arrested in Argentina
5.3.2024
Two individuals, a woman and a man, were captured in Argentina on charges of having perpetuated a Ponzi scheme that moved over $400 million in cryptocurrency in Brazil. The operation managed to track the couple’s whereabouts with the help of the Argentine Federal Police and Interpol....
Hong Kong’s Crypto License Scheme Sees 24 Applicants, Far Fewer Than Singapore’s 70
1.3.2024
The number of applicants for Hong Kong's VATP license has reached 24, compared to 70 applicants seen in a similar scheme in Singapore.
The post Hong Kong’s Crypto License Scheme Sees 24 Applicants, Far Fewer Than Singapore’s 70 appeared first on Cryptonews
Bitfinex Case Defendant Credits Bitcoin Fog in Laundering Scheme: Bloomberg
28.2.2024
The Bitfinex Case Defendant, Ilya Lichtenstein, has taken the stand as a witness for federal prosecutors in the trial of Bitcoin Fog, a mixing service associated with concealing illicit assets.
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Senior U.S. Military Airman and Cyber Analyst Charged with Money Laundering for NFT “Rug Pull” Scheme
27.2.2024
Two individuals, including a senior airman and cyber analyst in the U.S. military, have been charged for money laundering in connection to an NFT “rug pull” scheme, a February 23rd statement from U.S. Immigrations and Customs Enforcement (ICE) reveals.
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$100 Million Cryptocurrency Scheme Uncovered in Myanmar – What’s Going On?
25.2.2024
Chainalysis has unveiled a new case of fraud involving a single company operating from a compound in Myanmar, which swindled a sum of over $100 million from victims in less than two years.
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Mastercard’s Latest Crypto Loyalty Scheme Aims to Plug Google Pay Gaps
20.2.2024
Mastercard is working with emerging markets-focused mobile payments app Swoo Pay to offer loyalty rewards in cryptocurrency
Investors in Collapsed Ponzi Scheme Resist Liquidator’s Attempts to Force Repayment at Current BTC Prices
20.2.2024
Investors in the bitcoin Ponzi scheme Mirror Trading International are reportedly resisting liquidators’ attempts to have them repay digital assets withdrawn before it collapsed. According to the investors’ lawyer, MTI liquidators are intentionally misinterpreting the Insolvency...
SEC Obtains Investigative Subpoena Against NovaTech Crypto Investment MLM Promoters
15.2.2024
The United States Securities and Exchange Commission (SEC) has announced that it obtained a court order to enforce an investigative subpoena against two NovaTech crypto investment scheme promoters. In a recent press release, the financial regulator disclosed updates in its investigation against...
CEO of Bank Involved In Pig Butchering Scheme Charged With Embezzling $47 Million
13.2.2024
In a startling breach of trust, the CEO of Heartland Tri-State Bank is facing charges for orchestrating an embezzlement of $47 million. The high-profile case came to light following revelations that the bank played a central role in a sophisticated ‘pig butchering’ scheme, according...
Australian Court Sides With ASIC in a Case Pitting the Regulator Against a Crypto Startup
11.2.2024
The Australian Securities and Investments Commission (ASIC) recently prevailed in its case against Block Earner after a court ruled that the crypto startup’s product offering violated the country’s Corporations Act. The judge ruled that the ASIC had “succeeded in establishing...
Bitcoin Miner Hut 8 CEO Departs Amid Pump and Dump Allegations
8.2.2024
The CEO of Bitcoin miner Hut 8 has departed the role weeks after JCapital accused the company of colluding with partners and warnings over a possible pump-and-dump scheme. In a Feb 7 press release, the company disclosed a change in leadership, announcing Asher Genoot as the new Chief Executive...
Hydro Crypto Token Price Manipulation Convict Gets Jail Term
8.2.2024
A Florida federal jury convicted Hydrogen Technology Corp’s former head of financial engineering over crypto price manipulation conspiracy. The convict, Shane Hampton, allegedly orchestrated a months-long scheme to manipulate the price of Hydrogen Tech’s native crypto token – Hydro. The beleaguered...