8 arrested for running $68M cryptocurrency Ponzi scheme in Japan

2018-11-14 19:02

Japan has another cryptocurrency scam to recover from as police have arrested a group suspected of running a cryptocurrency pyramid scheme. Today, Tokyo police arrested eight men thought to be connected to a Ponzi scheme that collected over $68 million in cryptocurrency from around 6,000 people, local news the Asahi Shimbun reports.

According to Tokyo’s Metropolitan police, the men have violated the Financial Instruments and Exchange Law (FIEL) by not registering their business with the relevant regulators and authorities. The perpetrators had been using cryptocurrency to fund their pyramid scheme and maintain some anonymity. Crpyotcurrency transactions are not recognized by…

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Источник: thenextweb.com

cryptocurrency scheme → Результатов: 115

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Overstock CEO Interview on Governments, Bitcoin and the Modern Financial System that is a Ponzi Scheme

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Rapper T.I. and Business Partner Ryan Felton Sued for Securities Fraud

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We used T.I. songs to describe the lawsuit against his failed cryptocurrency

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2018-11-1 18:21
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Hackers launch cunning affiliate scheme to incentivize Bitcoin ransomware

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Oyster’s Creator Says Its PRL Cryptocurrency Token Is A Ponzi Scheme After Exit Scam

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Polish Authorities Seize Over $10 Million Dollars From DasCoin Crypto MLM Scam

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Ripple (XRP) Remains Undeterred By Bitcoin (BTC) Uncertainty

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Crypto Community Riled at Russian Exchange’s Coin Pump Scheme

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2018-10-11 16:00
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Cryptocurrency exchange orchestrates shameless ‘pump and dump’ scheme

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Australia Trials Blockchain Platform for National Disability Insurance Scheme

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2018-10-10 09:00
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Philippine Authorities to Deport South Korean Scammer

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2018-10-8 19:53	News
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Lithuania The Latest Country to Target Initial Coin Offerings (ICOs) For Regulation

Cryptocurrency, Initial Coin Offerings (ICOs)–Initial coin offerings, the controversial but effective method for raising funds for new cryptocurrency projects which has managed to dominate the industry, is under attack yet again for its volatile investment scheme, lack of regulation and overall trust-less presentation.

2018-10-8 23:38
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Philippines to deport fugitives to South Korea for $33M Bitcoin scam

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2018-10-4 16:35	hard fork
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Monero Mikrotik Madness: Carrier-Grade Cryptojacking Scheme

There are approximately 200,000 Mikrotik routers that are potentially vulnerable to the latest security breach devised by hackers to install and spread cryptojacking software that mines Monero (XMR).

2018-10-3 03:00	XMR
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5 Interesting BitConnect Facts You May Have Missed

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2018-10-1 20:00	Ponzi scheme
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Russia's Central Bank Revealed Crypto Related Ponzi Scheme

The financial scam project known as Cashberry lured thousands of unsuspecting people offering sky-high returns on traditional and cryptocurrency investments.

2018-9-28 09:49	News
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Federal Judge Rules Cryptocurrency MBC Is a Commodity

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2018-9-28 23:15	Digital assets
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Australian Regulator ASIC Cracks Down on Misleading ICOs

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2018-9-27 14:34	ICO
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Russian Central Bank debuts in sueing cryptocurrency Ponzi scheme

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2018-9-28 14:18	News
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Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

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2018-9-26 02:13	Op-ed
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U.S. Congressman Drafts Blockchain Development Bills

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2018-9-22 18:10	Regulation
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AWS Mining Cryptocurrency MLM Scam Outed as a Bitcoin Ponzi Scheme

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2018-9-21 19:01	News
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Singapore Phishing Websites Using Fake News to Get Users’ Bank and Credit Card Details

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2018-9-21 09:00
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Congressional Committee Calls for Clearer Crypto Tax Code in Letter to IRS

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2018-9-21 23:35	Regulation
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GAWMiners CEO Joshua Garza Sentenced to Almost 2 Years in Prison

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2018-9-17 23:00	Ponzi scheme
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Bitcoin Magazine’s Week in Review: Making Strides Across Industries

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2018-9-16 18:41
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Ex-CEO of Crypto Company Sentenced to Prison for Fraud, Fined $9 Million

The former CEO of a cryptocurrency company has been sentenced to prison time and ordered to pay $9 million in restitution due to his company’s role in a major Ponzi scheme that cost hundreds of investors millions of dollars.

2018-9-16 21:45	SEC
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Texas Man Sentenced to Jail after Being Found Guilty of $9 Million Crypto Fraud

A Texas man, formerly a citizen of Somer, has been sentenced to 21 months in prison for his involvement in a cryptocurrency Ponzi scheme worth $9 million. Homero Joshua Garza, the 33-year-old convict, will be put under three years of supervised release after his jail term ends.

2018-9-15 07:00	Ponzi scheme
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2018-11-14 19:02

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