Ponzi Scheme

A exhausted robot sitting in a digital environment as smoke comes out of its body.
Ethereum (ETH)
No Break for Ethereum as ETH Tied to $4B PlusToken Ponzi Moves

Ethereum is again the focus of potential selling pressure.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
An alien looking at a hooded hacker working on computers with Cardano coins on display.
Cryptopedia
Types of Crypto Scams: Common Cryptocurrency Scams You Need to Watch Out for

Protect yourself and your cryptocurrency from these scams.
by and . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
People walking in a desert towards a huge purple panther.
Crypto Market News
Forsage Founders Indicted in $340M DeFi Ponzi Scheme

Four Russian nationals allegedly coded smart contracts in a way that they would automatically shuffle investor funds between different accounts.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Eddy Alexandre scared with a hammer over his head
Crypto Market News
EminiFX CEO Pleads Guilty to $248M Ponzi Scheme

EminiFX CEO changed his plea to guilty and could face up to ten years in prison for involvement in scam.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Regulations
4 Years in Prison for a Leader of the $100m Ponzi Scam ‘EmpiresX’

EmpiresX claimed investors could receive a 1% daily yield, but this was actually a ponzi scheme.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
"It felt very Bernie Madoff-like in that way," Ex-regulator on FTX Saga
FTX News
“It Felt Very Bernie Madoff-Like In That Way,” Ex-FDIC Chair On FTX Saga

Rapid growth and fall of Sam Bankman-Fried and FTX bear uncanny resemblances to the notorious Ponzi scheme architect, Bernie Madoff.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Indian Police Books Satish Kumbhani, Founder Of Crypto Scam BitConnect, On Fresh charges
Bitcoin (BTC)
Indian Police Book Satish Kumbhani, Founder of Crypto Scam BitConnect, on Fresh Charges

Satish Kumbhani, the founder of Bitconnect, has been “wanted” in India after being indicted in the U.S.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Gary Gensler
SEC
U.S. SEC Reveals $300M Crypto Pyramid And Ponzi Scheme Scam

The scam ran for over two years and defrauded retail investors worldwide. 
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
south korea crypto ponzi
Regulations
Alleged South Korea’s $3.6B Crypto Ponzi’s Still Fooling People

V Global is under investigation for allegedly defrauding investors to the tune of a whopping money from unsuspecting investors
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Regulations
Crypto Fund Manager Could Face Up to 30 Years for Running a $5 Million Ponzi Scheme

The man was promising his investors very high returns on each investment.
by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp
Altcoins
Founder of GemCoin Sentenced to 10 Years Imprisonment for $147 Million for Crypto Ponzi Scheme

Between 2013 and 2015, Chen masterminded the Ponzi scheme which defrauded approximately 70,00 users of GemCoin.

by . Fact checked by: Ciaran Lawler, Editor: Stefan Trapp

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