2018-12-28 23:53 |
U.S. crypto-focused law firm Silver Miller has filed a lawsuit against a purported crypto hedge fund manager who was allegedly operating a fraudulent Ponzi scheme
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A resident of Mangalore, Karnataka, has been arrested for defrauding over 50 people in a cryptocurrency ponzi scheme. According to a local report, law enforcement in Hyderabad has arrested Kunjathbail Mujib Sayyad for operating the “Max Crypto trading” ponzi. The…
2024-6-29 11:19 | |
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On May 4, 2020, the blockchain surveillance firm Chainalysis published a three-part series covering a crypto Ponzi scheme, North Korea, and Iran’s use of digital currencies like bitcoin. The company’s research papers discuss the Poland-based crypto Ponzi called Futurenet, a hosting service allegedly tied to North Korea, and how Iran-based exchanges are bypassing OFAC sanctions […] The post 3 Reports Look at North Korea’s Lazarus Group, Iran’s Farhad Exchange, and the Crypto Ponzi Futurenet appeared first on Bitcoin News.
2020-5-7 01:05 | |
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Crypto Ponzi Scheme Faces The Music – Silver Miller Officially Files Lawsuit Anyone that has a shred of experience in the world of investing will know what a Ponzi scheme is. And nowhere is more cleaned up in terms of overly-optimistic investment capital than in the cryptocurrency world. One, in particular, has managed to spin […]
2018-12-28 04:44 | |
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The GainBitcoin Ponzi scheme was among the most significant Bitcoin schemes to hit the crypto space. In addition to stirring up a new round of panic and accusations that the cryptocurrency community ought to be more properly regulated, this Ponzi scheme is linked to another scam which set the stage for the OneCoin MLM scam, […]
2018-12-23 04:02 | |
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Scammers lured about 8,000 people into their scheme by offering unrealistically high returns.
2018-12-22 22:27 | |
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The Times of India reported on December 20, 2018, that the cyber crime branch of Pune police had seized 452 bitcoins worth $1. 8 million from one of the ten suspects involved in a cryptocurrency related Ponzi scheme case.
2018-12-21 01:00 | |
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The entire crypto-economy has been meandering just above $109 billion after the last two weeks of market dumps. Volume has been light this week as digital asset enthusiasts and traders are now pondering the crypto market’s next big move.
2018-12-11 23:50 | |
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AdFeedz is among the most recent crypto projects to get caught up with the due diligence process within the crypto markets right now. The project’s website is fairly shallow and does not provide information on its ownership status.
2018-12-9 20:46 | |
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The world of cryptocurrency is suffering from the endless scams and pyramid schemes cropping up daily. In this article we focus on the Exp Asset scheme that promises a 120% return on investment (ROI) in 120 days.
2018-12-9 19:36 | |
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At this stage, it appears to be a mere procedure. The Ontario Securities Commission is seeking to have USI-Tech permanently banned from its jurisdiction. This order was requested via a Statement of Allegations that was filed on December 4, 2018.
2018-12-8 01:06 | |
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Statum Global is a company that works as an MLM cryptocurrency scam. According to some information provided by the firm, they are located out of Hong Kong and Eathan Cheng seems to be the founder. According to a report made by Behind MLM, there is no information about Cheng and that it is only related […]
2018-12-7 01:54 | |
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The Collapse Of Omnia Tech And The Rise Of A New Trading Ponzi scheme Omnia Tech ventured into the cryptocurrency market as a mining services provider promising lucrative returns on investments. It has held up its end of the bargain the past year and a half, but it is now in the cold as its […]
2018-12-5 19:43 | |
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With more crypto mining schemes popping up every day, it can be quite difficult for unsuspecting individuals who just want a decent source of passive income, to choose the right programs to invest in.
2018-12-4 19:10 | |
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Everyone loves predicting what the future holds for Bitcoin these days. “Filthy nocoiners” like your family member you are having dinner with or that friend who just had a beer too many will often tell you it’s all a bubble, it’s just “neckbeard” Ponzi scheme controlled by a single entity which will crash soon enough […] The post Crypto “experts” from Twitter and YouTube are harming new BTC owners with their predictions.
2018-12-2 02:20 | |
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The FBI has arrested the CEO of Dallas-based AriseBank on November 28, 2018, reports Dallas News. The arrest was made after allegations of company CEO, Jared Rice Sr. duping hundreds of investors out of more than $4 million.
2018-11-30 14:00 | |
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Uganda will seek to regulate crypto assets to prevent criminals from exploiting digital currencies to scam citizens. This comes as thousands of Ugandans have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in bitcoin.
2018-11-24 21:00 | |
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The public face of OneCoin, Sebastian Greenwood, has been arrested and extradited to the United States. Greenwood was captured by the Crime Suppression Division (CSD) in Thailand as reported by the Bangkok Post.
2018-11-24 21:48 | |
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With many crypto mining sites and services springing up these days, all of them hyping money spinning opportunities and looking to get you to invest, it’s hard to know which ones are truly genuine and those that aren’t.
2018-11-22 19:25 | |
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An executive board member of the European Central Bank (ECB), Benoit Coeure, dealt a verbal blow to bitcoin and the infant cryptocurrency industry when he termed the digital currency “a combination of a bubble, a Ponzi scheme, and an environmental disaster,” per a report by Bloomberg, published November 15, 2018.
2018-11-19 09:00 | |
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What Is CoinBase Cycler? Have you ever heard of CoinBase Cycler? Do not confuse this company with Coinbase, the American crypto exchange. Unfortunately, the company that we will review today is a shameless scam and has nothing to do with the original Coinbase.
2018-11-18 07:48 | |
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Bitcoin Cash splits, IBM targets Thailand, crypto malware infests the Google Play Store, crypto Ponzi scheme busted in Japan, and accountants claim that ‘institutionalization’ is crypto’s only hope.
2018-11-15 03:50 | |
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Power Mining Pool had some clear early warning signs of a potential cloud mining Ponzi scams. Find out what you should look for in this case study. The post Power Mining Pool | What a Crypto Mining Scam Looks Like appeared first on CoinCentral.
2018-11-14 00:36 | |
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Ambidant Marketing allegedly lured individuals with "halal" investment.
2018-11-14 22:56 | |
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FirstCoin Club Collapses Amidst Accusations Of Fraud Never trust a Ponzi scheme. It should be obvious, right? Unfortunately, it’s generally not. FirstCoin Club was a Ponzi scheme launched in 2017 that called out the attention of many investors who used their real money and got the useless altcoin of the company as a prize. As […]
2018-11-13 01:18 | |
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A new Ponzi scheme is operating in a similar way as Bitconnect was doing in the past. BitherCash, the name of this fraudulent scheme, has been reviewed by BehindMLM on November 10. According to the report, the company does not provide any information about who owns or runs the business. However, this seems to go […]
2018-11-11 21:16 | |
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In a recent interview, Overstock CEO Patrick Byrne described the entire modern financial system as a “big Keynesian magic money tree ponzi scheme,” adding that its collapse will usher in the global adoption of cryptocurrency.
2018-11-8 03:34 | |
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Transaction fee mining exchanges like FCoin have been controversial from the start, but a new report suggests they are quickly dying out. Exchanges, of course, form the backbone of cryptocurrency.
2018-11-7 23:25 | |
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Less than two months from today, NASDAQ and Bakkt are slated to launch their cryptocurrency trading tools to institutional investors. At the same time, major projects continue to exit scam and defraud their communities.
2018-10-31 06:32 | |
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Polish authorities seized over 44 million PLN ($11. 6 million dollars) from DasCoin, a Ponzi scheme company that scammed users with fraudulent investments. According to local reports, Ewa Bialik, a spokesperson of the National Public Prosecutor’s Office confirmed the recent seizure of these funds.
2018-10-28 21:48 | |
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The country’s financial regulator has also issued a new public warning about the most used technique in virtual asset Ponzi schemes.
2018-10-26 19:09 | |
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German Court Releases 3M Euro in Stolen Funds OneCoin convinced a German court to release 3M EUR in funds accumulated by prosecutors from ponzi schmes. The funds were frozen by BaFin, Germany’s financial regulator, as a larger seizure back in April 2017.
2018-10-23 20:34 | |
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On October 18, the U. S. Securities and Exchange Commission (SEC) ordered a New York-based firm Gelfman Blueprint, Inc. and CEO Nicholas Gelfman to pay $2. 5 million in fines and restitution for running a Bitcoin Ponzi scheme.
2018-10-22 09:00 | |
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A Federal Court in New York has passed a serious verdict that’s about to make fraudsters in the crypto world lose sleep for now on. A CEO of a hedge fund, together with the hedge fund entity itself, is to pay upwards of $2.
2018-10-20 03:14 | |
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According to recent court documents, an Amended Consolidated Class Action Complaint has been filed at a U. S. District Court for the Southern District of Florida against BitConnect.
2018-10-19 22:58 | |
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Nouriel Roubini Couldn’t Convince With Absurd Data on Bitcoin The recognized economist, Nouriel Roubini, has been recently attacking the crypto space and blockchain technology. He had some discussions with Vitalik Buterin and was present at the Senate Banking Committee hearing on cryptocurrencies.
2018-10-18 20:55 | |
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iCash Review Today our blog will review iCash. This new crypto trading bot is based on Telegram and has been called a Ponzi scheme by many. Is it true? Should you trust iCash? Read the review and find out.
2018-10-8 22:25 | |
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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 | |
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In a landmark case for the cryptocurrency industry, a federal judge has ruled that a cryptocurrency caught in the midst of a lawsuit is a commodity, court documents reveal.
2018-9-28 23:15 | |
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Money attracts thieves and masterminds of what could be the largest Bitcoin Ponzi scheme in history are facing justice. Vivek Bhardwaj, a software developer and brother of Gain Bitcoin founder and CEO Amit Bhardwaj, was brought to Delhi, India on Sept.
2018-9-24 21:30 | |
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AWS Mining Outed As A Ponzi Scheme Popular scam watchdog site “Behind MLM” published a lengthy article recently outlining their belief that the AWS Mining company is an overt Ponzi scam selling unregistered, illegal securities to unknowing victims.
2018-9-21 19:01 | |
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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 | |
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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 | |
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FutureAdPro hit the two-year mark, longer than most Ponzi MLM scams operate. But there was nothing that could keep them alive with payments sent out higher than what they brought in. The company was known for making payments of $60 while only charging some $50 for new members to sign up. It’s impossible to sustain […]
2018-9-13 18:03 | |
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The mastermind of the scheme, Gardas Ramesh, has been involved in similar schemes before.
2018-8-30 18:51 | |
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Kraken Declines To List Onecoin’s OFC ‘Ponzi Coin’ The announcement by OneCoin concerning the OFC ICO led to the featuring of 12 public exchanges on the initial coin offering site. According to OneCoin, it had to contract the featured exchange in connection to the free listing of the OFC ERC20 virtual asset. Devoid of giving […]
2018-8-28 20:56 | |
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The Litecoin By Charlie Lee Is Being Considered A Ponzi Scheme, According To Silverbug YouTuber The famous Silverbug YouTuber of the TruthNeverTold channel recently called out on the crypto market as being a little bit more than just a Ponzi scheme.
2018-8-27 19:36 | |
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As unfortunate as it might be, USI-Tech Ponzi scheme hasn’t completely collapsed. Yes, it’s alive and surviving. It seems that plans are underway for USI-Tech to escape the Ponzi scheme mess through the TechCoinDeals ICO.
2018-8-26 19:44 | |
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Calls to rebuild the community and activity on Steemit are getting more active, pointing to a potential relaunch for the Ponzi scheme.
2018-8-25 16:36 | |
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Nearly eight months to the day after the ponzi scheme BitConnect exit scammed, the sins of the project have caught up to one of its figureheads. Divyesh Darji, the alleged leader of BitConnect’s Asian team, was arrested this Saturday, August 18, 2018, in the Delhi airport by the Gujarat Criminal Investigation Department (CID).
2018-8-20 19:54 | |
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Asian markets retreated on Thursday as investors rotated out of technology stocks amid mounting concerns over the escalating cost of artificial intelligence investment. At the same time, precious metals markets were rocked by another sharp decline in silver prices, while geopolitical and macroeconomic developments, including renewed US-China engagement and continued weakness in bitcoin, added to […]
Markets are ending the day on edge as sharp moves ripple across stocks, commodities, and crypto. AMD slumped despite an earnings beat, underscoring how unforgiving investors have become around AI expectations.
A fresh wave of macro stress and technical breakdowns pushed Bitcoin price deep into correction territory as traders remained defensive.
Assets under management in US spot Bitcoin exchange-traded funds slipped below $100 billion on Tuesday, following renewed investor withdrawals and a sharp downturn across the broader cryptocurrency market.
OG enters a growing but contentious space as Crypto.com separates its event-driven trading from its core crypto business.
Polymarket is stepping away from screens and apps and into the physical world. The crypto-based prediction market platform is opening a free grocery store in New York City, pairing the initiative with a major donation aimed at tackling food insecurity.
Tonight’s digest tracks a trillion-dollar retail coronation, a fragile geopolitical tariff truce, a pharma darling losing its halo, and crypto’s brutal reminder that liquidity rules all. Walmart’s transformation is real, India’s leverage play is bold but murky, Novo Nordisk’s stumble exposes execution risk, and Bitcoin’s slide confirms it’s trading like a high-beta asset, not digital […]