Browsing Tag
#Ponzi Scheme
13 posts
Crypto mining ‘Ponzi’ co-founder sentenced to 12 years in prison
The co-founder of AirBit Club — a cryptocurrency Ponzi scheme that swindled investors of over $100 million —…
Multiple US state regulators allege AI trading DApp is a Ponzi scheme
Securities regulators from Montana, Texas, and Alabama have jointly filed enforcement actions against cryptocurrency trading platform YieldTrust.ai, alleging…
AirBit Club execs face decades in prison after pleading guilty to $100M fraud
Six people involved in a cryptocurrency Ponzi scheme that raked in about $100 million over five years have…
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
According to the Department of Justice, Forsage employed smart contracts that were coded in ways consistent with a…
800 victims of ‘massive’ Bitconnect fraud to receive $17M restitution
The millions will be distributed among the select number of victims, but thousands more were impacted by the…
Executives from $1.5B South Korean crypto exchange fraud jailed
The latest court action now takes the number of V Global execs behind bars up to seven, as…
Charges laid over alleged ‘crypto mining’ Ponzis that netted $8.4M
Various creators and promotors of two allegedly fraudulent crypto companies are facing a litany of charges that could…
EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’
Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year…
Trouble in the Bahamas following FTX collapse: Report
Following the collapse of crypto exchange FTX, which was headquartered in the island country of Bahamas, Bahamians are…
Judge orders probe to investigate whether Celsius was a Ponzi
The judge overseeing the Celsius bankruptcy case has ordered the examiner and the official committee of Celsius creditors…