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Even The Mormon Church Made Money On GameStop


The Church of Jesus Christ of Latter-Day Saints (known to everyday people as the Mormons) made bank off the boom in GameStop stock earlier this year, new SEC filings reveal. The Church saw a gain of over 900% on stock owned through its secretive investment arm, Ensign Peak Advisors.Read more

QAnon, CultTok, and Leaving It All Behind


“I was impressed that it only took four years,” Danielle, self-identified ex-cult member, 34, said on a phone call. This was a few days after Joe Biden’s inauguration, and we were talking about the previous week of SOS social media posts from wide-eyed QAnon followers, like a TikToker propped up...

An Esports Team Signed An 8 Year Old, But Nobody Is Sure If It's Legal


If nothing else, Team 33 certainly made a splash when it arrived on the esports scene earlier this month. In a press release, the previously unknown organization boasted of a Hollywood team house that had already played host to big names like Janelle Monáe, Post Malone, and Drake. But it wasn’t...

Mastermind of $25 Million Crypto Debit Card Scheme Sentenced to Prison


The mastermind behind a $25 million cryptocurrency debit card scheme has been sentenced to one year and one day in prison, in addition to three years of supervised release. The authorities have also seized his cryptocurrency. $25 Million Crypto Credit Card Scheme The U.S. Department of Justice...

US Man Pleads Guilty in $722 Million Bitclub Network Ponzi Scheme Case


A Bitclub Network Ponzi scheme promoter has admitted to charges of selling unregistered securities and to subscribing to a false tax return in connection with his role in the $722 million fraud scam. The man, Joseph Frank Abel, pleaded guilty by video conference before U.S. District Judge Claire...

Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme


A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi....

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