Ponzi Scheme
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Former Deutsche Bank Investment Banker Accused of Encryption Fraud and Ponzi Scheme
On April 12, it was reported that a former investment banker of Deutsche Bank was accused by the US prosecutor of participating in encryption fraud, falsely promising investors hig
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Encryptions Fraud: The Rashawn Russell Case and Implications for Investors
On April 12, it was reported that Rashawn Russell, a former investment banker of Deutsche Bank, was accused by the US prosecutor of participating in encryption fraud, falsely promi
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Central Bank of Sri Lanka to Sue Individuals Involved in $47 Million Encryption Scam
According to reports, the Central Bank of Sri Lanka is preparing to file a lawsuit against a group of individuals suspected of organizing a $47 million encryption scam. According t
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#YieldTrust AI Transaction Robot: A Ponzi Scheme or Legitimate Investment?
On April 5, it was reported that the regulatory authorities of Alabama, Montana and Texas in the United States had issued a statement prohibiting the AI transaction robot YieldTrus
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California City Hall Issues Warning on Cryptocurrency Ponzi Scheme
On March 10, the California City Hall of the United States recently issued a warning that CryptoFX, LLC\’s Ponzi scheme of cryptocurrency has resulted in at leas
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SEC files emergency lawsuit against crypto hedge fund for alleged fraud
It is reported that the United States Securities and Exchange Commission (SEC) announced that it had filed an urgent lawsuit against BKCoin Management, a crypt…
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Forsage Founders Face Prosecution for Running a $340 Million DeFi Ponzi Scheme
On February 23, it was reported that the four founders of the encryption Ponzi scheme, Forsage, were prosecuted by the United States Department of Justice for …
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Ex-Boyfriend of OneCoin’s Encryption Queen gets 5-Year Imprisonment for Digital Assets Laundering
On February 20, it was reported that Gilbert Armament, the ex-boyfriend of Ruja Ignatova, co-founder of OneCoin, a Ponzi scheme of encryption (also known as \”e…
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Vista Network Technologies CEO Accused of Fraudulently Demanding Cryptocurrency from Customers
It is reported that according to a press release on Thursday, the Commodity Futures Trading Commission accused Armen Temurian, CEO of California – based Vista …