Tags : Ponzi


Mark Cuban to Depose in Voyager ‘Ponzi Scheme’ Lawsuit

American billionaire Mark Cuban has been ordered to depose in court docket subsequent month as a part of an ongoing lawsuit in opposition to him by disgruntled prospects of bankrupt crypto lender Voyager, who allege Cuban misrepresented the agency in promotional supplies.  Filed in a U.S. District Courtroom in South Florida in August, the go […]Read More


Justice Division Fees 9 in Crypto Ponzi Schemes

The U.S. Division of Justice on Wednesday introduced that the company had filed expenses towards 9 people for working two crypto Ponzi schemes, IcomTech and Forcount, also called Weltsys. “With these two indictments, this workplace is sending a message to all cryptocurrency scammers: We’re coming for you,” U.S. Legal professional Damian Williams mentioned in an […]Read More


SEC Prices Commerce Coin Membership for $295 Million Bitcoin Ponzi

The U.S. Securities and Trade Fee immediately hit 4 individuals with costs for allegedly swindling buyers out of practically $300 million in a “fraudulent crypto Ponzi scheme.” In a Friday announcement, the SEC said Commerce Coin Membership raised 82,000 in Bitcoin—value $295 million on the time—from over 100,000 buyers worldwide between 2016 to 2018.  Commerce […]Read More


Celsius Collectors’ Lawyer ‘Trying Into’ Whether or not Agency Was

A New York chapter decide expanded the scope of the probe within the Celsius Community chapter as the corporate’s clients demanded investigations into the crypto lender’s enterprise operations, in keeping with a Wall Street Journal report. At Tuesday’s listening to, Choose Martin Glenn of the U.S. Chapter Courtroom ordered the court-appointed examiner and the official […]Read More


SEC Cracks Down on Multimillion Crypto Ponzi Focusing on Latino

The U.S. Securities and Trade Fee (SEC) ordered the emergency shutdown of an ongoing fraudulent crypto providing concentrating on the nation’s Latino neighborhood. CryptoFX, a Texas-based agency run by Mauricio Chavez and Giorgio Benvenuto, each residents of Houston, allegedly “used the attraction and novelty of crypto belongings to solicit cash from unsophisticated traders,” promising vastly […]Read More


JPMorgan CEO Jamie Dimon: Crypto Tokens, Bitcoin Are ‘Decentralized Ponzi

Talking in congressional testimony on Wednesday, Jamie Dimon, CEO of JPMorgan, mentioned he was a “main skeptic of crypto tokens […] like Bitcoin” and known as them “decentralized ponzi schemes.” “The notion that it’s good for anyone is unbelievable,” Dimon mentioned, pointing to the usage of cryptocurrencies in ransomware assaults, intercourse trafficking and cash laundering. […]Read More


Florida Man Pleads Responsible to Stealing $100 Million in Crypto

A Florida man pleaded responsible in federal district court docket on Thursday to taking part in a cryptocurrency-based Ponzi scheme that defrauded buyers of roughly $100 million, the Division of Justice introduced in the present day. The division says Joshua David Nicholas of Stuart, Florida—inhabitants 16,000—acted for practically two years because the so-called “head dealer” […]Read More