2023-8-16 15:31 |
Prosecutors alleged that the executives of a Filecoin mining project orchestrated an elaborate pyramid scheme and scammed the participants. origin »
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The US Securities and Exchange Commission has frozen the assets of Utah-based crypto mining firm Digital Licensing Inc., linked to a $50 million fraudulent crypto scheme.
2023-8-4 16:19 | |
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The mining firm, which has been embroiled in several legal battles, describes an elaborate fraud scheme for a $150 million contract.
2023-5-26 14:00 | |
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Two individuals accused by the SEC of operating a fraudulent crypto mining scheme are seeking the dismissal of the lawsuit, asserting that the regulatory body lacks jurisdiction over cryptocurrencies.
2023-5-23 14:31 | |
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Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit's dismissal, arguing the regulator has no authority over crypto.
2023-5-23 08:44 | |
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The scheme's founders and promoters promised victims their money would be invested in a lucrative mining operation, but instead spent funds on cars, jewelry and luxury homes.
2023-3-9 01:01 | |
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Weeks later after its supposed crackdown on the crypto industry, the U. S. Securities and Exchange Commission (SEC) is still making it into the headlines. On March 3, the regulator filed a complaint against a Utah firm over an allegedly fraudulent crypto mining scheme.
2023-3-7 17:15 | |
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The United States Securities and Exchange Commission said Green United’s operation was a fraud, with the community quick to quell fears of the SEC classing crypto mining as a security.
2023-3-7 04:12 | |
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The Department of Justice (DOJ) on Wednesday arrested nine people for running a crypto ponzi scheme that posed as a trading and mining company.
2022-12-16 15:13 | |
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The United States Department of Justice has unsealed an indictment charging Luiz Capuci Jr. , the CEO of Mining Capital Coin (MCC), for orchestrating a $62 million global investment and fraud scheme.
2022-5-10 15:30 | |
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The US Department of Justice charged Mining Capital Coin’s senior executive officer with conspiracy to commit a $62 million crypto investment scam. According to the DOJ complaint, Luiz Capuci and unnamed co-conspirators deceived investors over the profit-generating potential of MCC mining packages and a native token called Capital Coin, which was backed by the “largest […]
2022-5-9 12:11 | |
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“Capuci operated a fraudulent investment scheme and did not use investors’ funds to mine new cryptocurrency, as promised, but instead diverted the funds to cryptocurrency wallets under his control,” the DOJ stated.
2022-5-10 07:09 | |
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On Friday, the U.S. DOJ indicted the CEO of Mining Capital Coin (MCC) for allegedly scheming a $62 million global investment fraud. The post U.S. DOJ Indicts Mining Capital Coin CEO in $62 Million Investment Fraud Scheme appeared first on BeInCrypto.
2022-5-7 23:24 | |
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While there are various cryptocurrency mining platforms currently in existence, a good number of these sites are simply Ponzi scheme time bombs waiting to explode. Here we bring to you the top three underrated crypto mining sites that have been giving users decent profits without tears over the years. ChickenFast Founded in 2015 in HongRead More
2021-11-11 16:00 | |
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While performing a search on the internet, it is currently easy to find articles exploring whether Mining City is a Ponzi scheme or not. There are indeed some misunderstandings and bad press, but you have to keep a cool head.
2020-12-9 16:40 | |
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The US government says it has extradited Gutemberg Dos Santos, the co-founder of the Airbit Club Ponzi scheme from Panama and he now awaits his trial in a Manhattan court. Dos Santos is facing charges relating to his role in perpetuating a “cryptocurrency” scam which defrauded victims of “tens of millions of dollars.
2020-12-1 16:15 | |
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The alleged ringleader of a Ponzi scheme that solicited $35 million for crypto mining and other investments has been arrested after attempting to flee FBI agents using a “sea scooter.”
2020-11-18 07:39 | |
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Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.
2020-10-19 04:25 | |
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There’s a mining contract scheme people are discussing and making the rounds on the web called “Mining City” or “Bitcoin Vault. ” The Philippines SEC recently put out a warning against the operation and the alleged masterminds behind the project.
2020-10-16 22:45 | |
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A bitcoin investment scheme called “Bitcoin Revolution South Africa” has been gaining much attention lately. Promoters claim that famous South Africans endorse this platform, including mining billionaire Patrice Motsepe, comedian and actor Trevor Noah, and President Cyril Ramaphosa.
2020-9-15 09:15 | |
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50-year-old Joseph Abel pleaded guilty to securities and tax related offenses.
2020-9-4 00:51 | |
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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.
2020-7-11 16:15 | |
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The SEC is trying to freeze the assets of a cryptocurrency mining and multilevel marketing scheme that it claimed bilked investors of $12 million.
2020-6-6 23:05 | |
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The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme.
2020-4-9 20:00 | |
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A U. S. Judge has shown some sympathies to Robert B. Ladd, the CEO of Bitcoin mining firm MGT Capital Investments, over an alleged $27mn pump-and-dump scheme. District Judge Edgardo Ramos said that the SEC had failed to provide sufficient evidence that Ladd had violated securities laws.
2020-2-27 17:00 | |
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The people of Zcash have spoken, approving mining reward changes that will come into play at the coin’s halving in November
2020-1-31 01:41 | |
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Bitcoin mining giant, Bitmain Technologies, is in the news again for something negative. This time around, there are reports that the bitcoin mining company is involved with a crypto Ponzi scheme, BitClub Network, causing the company to come under the radar of the U.
2020-1-23 00:00 | |
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Bitmain is allegedly in hot water for selling mining equipment to the notorious BitClub Network, an infamous Ponzi scheme which defrauded victims of over $722M. Recent reports suggest that Bitmain is being asked to rescind its U.
2020-1-21 03:24 | |
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The SEC claims Donald Blakstad bilked investors of $3.5 million. One scheme involved a non-existent crypto mining operation.
2020-1-9 21:11 | |
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In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators for alleged fraud.
2019-12-25 02:00 | |
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A woman based in the United States island-state of Hawaii has lost nearly half of her entire life savings, in a crypto mining-related Ponzi scheme. And while the woman is clearly the victim, she’s been hit with a temporary restraining order for voicing her concerns and attempting to retrieve the money that was stolen from.
2019-12-21 22:00 | |
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Another week, another round of Crypto Tidbits. Bitcoin, again, saw an effectively flat week, losing a few percent in the past seven days (which isn’t much in the grand scheme of things), according to the latest data from Coin360.
2019-12-14 15:00 | |
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U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.
2019-12-11 23:27 | |
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Special thanks to Justin Drake and Jinglan Wang for feedback In 2014, I made a post and a presentation with a list of hard problems in math, computer science and economics that I thought were important for the cryptocurrency space (as I then called it) to be able to reach maturity.
2019-11-25 04:03 | |
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As reported by PressTV, the Iranian news outlet, on November 13th, authorities in Iran are offering bounties to people who expose unauthorized crypto mining operations. The announcement was made by an Energy Ministry’s spokesman at an interview with IRIB News.
2019-11-14 20:28 | |
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Third Russian nuclear scientist sentenced for role in Bitcoin mining scheme
2019-10-26 18:07 | |
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A San Francisco-based cryptocurrency startup has just announced that is has raised $50 million from investors. Layer 1’s aim is to operate an all-in-house Bitcoin mining facility in West Texas.
2019-10-16 01:00 | |
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A Russian scientist has received a fine for mining Bitcoin at a top-secret nuclear facility. Denis Baykov has been ordered to pay 450,000 rubles, or about $6,900 for his involvement in the scheme.
2019-10-3 01:00 | |
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People will do anything to get their hands on that sweet cryptocurrency including, perhaps one of the most audacious yet, using secret areas in a nuclear power plant to hide and power mining machines.
2019-8-22 11:42 | |
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Iran’s Economic Commission has agreed to set electricity tariffs for bitcoin mining activities based on the prices used for electricity exports. The new tariff scheme is expected to come into effect as soon as it gets approved by the Iranian Cabinet, according to a Financial Tribune report, July 21, 2019.
2019-7-23 19:00 | |
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China Arrests 22 in Illegal Bitcoin Scheme Bitcoin mining is still a thing in China. And according to a recent report from XinhuaNet, a Chinese press agency, so is illegal cryptocurrency mining. Due to the.
2019-7-15 08:30 | |
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In a development in Texas, the federal court has fined two convicts a total of $360,000 USD in respect to solicitation of funds from the public over a fraudulent scheme. The amount raised from the public investors since January 2017 is yet to be revealed.
2019-7-12 00:50 | |
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It’s the start of a new week and that means it’s time for Moonday Mornings, Hard Fork’s wrap-up of the top cryptocurrency and blockchain headlines from the weekend. 1. Local news in South Africa is reporting about a cryptocurrency Ponzi scheme.
2019-6-17 11:47 | |
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An ex-Merrill Lynch worker who operated an undisclosed cryptocurrency mining scheme must pay $5,000 to FINRA
2019-6-14 14:21 | |
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By CCN: Authorities in the Netherlands have arrested a suspect who allegedly operated a bitcoin mining investment scam, according to Dutch daily De Gelrderlander. The fraudulent scheme which was reportedly started in 2017 earned the man named Berry van Mourik at least €2 million ($2.
2019-5-22 14:11 | |
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A man has been arrested in the Netherlands for allegedly scamming investors out of over $2.2 million in a fake bitcoin mining scheme.
2019-5-21 20:30 | |
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On March 21, 2019, Dutch news outlet NL Times reported that “Berry van M. ,” a 33-year-old Dutch businessman and the operator of now-defunct trading platform Koinz Trading, has been arrested on charges of deceiving investors with a bogus bitcoin mining scheme.
2019-5-21 19:56 | |
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An alleged bitcoin mining fraud scheme involving $110 million sees an arrest in the Netherlands
2019-5-21 14:48 | |
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An alleged bitcoin mining fraud scheme involving $110 million sees an arrest in the Netherlands
2019-5-21 14:48 | |
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Chinese authorities were able to uncover a fraudulent mining scheme that stole approximately $293 million from crypto users. As reported by the local news outlet 8BTC, a fake Chinese company called Lianxin Tech, sold more than 300,000 units of mining hardware to users in just a few months. Investors believed that they were going to […]
2019-5-12 19:10 | |
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