2020-1-17 14:17 |
20 victims of an alleged $2.5 million cryptocurrency pyramid scheme have appealed to Thailand’s Department of Special Investigation to investigate their case
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According to a press release issued by the U.S. Securities and Exchange Commission (SEC) on August 1st, eleven people have been charged for their roles in creating and promoting Forsage, a fraudulent crypto pyramid and Ponzi scheme that brought up more than $300 million from millions of retail investors across the globe. The decentralized finance (DeFi) […]
2022-8-2 01:17 | |
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The SEC has charged the team behind Forsage for allegedly running a crypto pyramid and Ponzi scheme, which may have cost investors over $300 million worldwide. Both Pyramid and Ponzi...
2022-8-2 20:33 | |
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Japanese Police Arrests 8 Men For Involvement In $68 Million USD Crypto Pyramid Scheme The Tokyo police have recently arrested eight men that were suspected of leading a $68. 4 million USD crypto and pyramid scheme.
2018-11-14 22:29 | |
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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.
2018-11-14 19:02 | |
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What Is Initiative Q: New Crypto Payment Network Or Faulty Q Token Spam? Have you ever heard of the Initiative Q? In case you haven’t, you should know that it was described by David Gerard, a crypto journalist from the United Kingdom, as “a non-crypto private currency, marketed by a pyramid scheme”. Well, that pretty […]
2018-10-30 05:24 | |
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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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US Senators Struggling to Decide Whether Bitcoin is a Scam or Brilliant Innovation as Debate Continues to Rage Over the past week, the United States Senate has been debating how to regulate bitcoin. Part of the problem is that senators can’t decide what, exactly, bitcoin is. Is bitcoin a digital scam and a pyramid scheme? […]
2018-10-11 21:42 | |
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A South Korean fugitive suspected of running a $33 million cryptocurrency pyramid scheme was arrested and is facing deportation by the Philippine authorities.
2018-10-8 19:53 | |
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Filipino authorities have advanced on international criminals suspected of running a large-scale Bitcoin pyramid scheme. Authorities have detained two of the six individuals thought to have defrauded South Korean investors for over $33 million, while the others remain on the run.
2018-10-4 16:35 | |
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The Bank of Russia discovered signs of a financial pyramid in the activities of several companies operating under the single brand Cashbery. The project promised a high yield in the shortest possible time and accepted cryptocurrencies for payment.
2018-9-28 14:18 | |
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“BITCONNEEEEECT” The famous words of the Carlos Matos, the mind behind the ‘brilliance’ of what was Bitconnect. Bitconnect is now cryptos most infamous pyramid scheme and was a hot topic for discussion after the hilarious ‘press conference’ earlier in the year.
2018-9-12 16:00 | |
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Crypto Exchange TradeSatoshi Bids Bitconnect Farewell Bitconnect, crypto’s now most infamous pyramid scheme, used to a hot topic of discussion within the cryptosphere, with everyone and their dog having something to say about the project.
2018-9-12 07:06 | |
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Meet The Self-Proclaimed Ponzi Scheme and Exit Scam The cryptocurrency market has its fair share of shady schemes — think Bitconnect or any of the multitude of exit scams that have occurred in the past few years.
2018-8-25 23:08 | |
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Murkier details of the Bitconnect cryptocurrency scam have emerged as police have arrested the head of the defunct cryptocurrency exchange. [Note: This is a guest article submitted by Bhushan Akolkar] Bitconnect — A Pyramid Scheme of Scams Last Saturday, August 18, Indian authorities arrested Divyesh Darji, the Asian head of defunct cryptocurrency exchange, in a high-profile scam worth 880 billion Indian Rupees ($12.
2018-8-21 13:00 | |
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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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Nearly eight months after BitConnect pulled one of the most iconic exit scams in cryptocurrency history, the authorities across the globe are still catching up with the crooks behind the pyramid scheme.
2018-8-20 14:19 | |
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The BitConnect lending pyramid scheme started to indicate a return on social media, while the old BCC asset was scheduled for delisting on the last exchange supporting it.
2018-8-13 16:27 | |
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The final nail in BitConnect’s coffin will come September 10, when the last exchange to offer trading pairs in the controversial cryptocurrency will delist its worthless token, BCC. For the uninitiated – BitConnect was both a pyramid and Ponzi scheme masquerading as a cryptocurrency lending platform.
2018-8-10 15:53 | |
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Even though the cryptocurrency world allows for a lot of innovation, its underpinning technology is often used for the oddest ventures. In the case of FOMO3D, it is a very interesting game, although it’s also clearly a “legitimate” pyramid scheme which will cause at least one individual to lose a lot of money. The FOMO3D […]
2018-7-24 20:00 | |
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At least that’s the early consensus on FOMO 3D and PoWH3D, two of the platform’s top three apps entering Tuesday. Both applications also collapse if new users quit joining in a way that’s similar to a basic pyramid scheme.
2018-7-24 15:45 | |
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Mainstream media, financial bigwigs, and Congressman Brad Sherman never tire of eye-popping displays of moral sanctitude as they proclaim Bitcoin to be a digital pyramid scheme; the scam of the century; something that needs to be outlawed to protect the ‘kidz’.
2018-7-20 19:06 | |
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The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws.
New York AG Letitia James has sued crypto firms NovaTechFx and AWS Mining for allegedly defrauding over 11,000 individuals out of more than $1 billion in a pyramid scheme. New York Attorney General (NYAG) Letitia James filed a lawsuit on…
The idea of a yield-paying layer-2 blockchain atop Ethereum has clearly demonstrated market allure. But even the project's biggest investor has taken issue with the execution and marketing surrounding the initial rollout.
In the world of cryptocurrency, there is always some sort of controversy worth keeping an eye on. While no one benefits from these dubious projects and scams, they tend to spark some interesting debates.
Brazillian police have arrested ten people suspected of operating a cryptocurrency pyramid scheme worth 850 million reals ($210 million)
Even though the cryptocurrency world allows for a lot of innovation, its underpinning technology is often used for the oddest ventures. In the case of FOMO3D, it is a very interesting game, although it’s also clearly a “legitimate” pyramid scheme which will cause at least one individual to lose a lot of money. The FOMO3D […]