PONZI SCHEME

The alleged scam, which is estimated to have stolen at least $4.4 billion, was operational until late last week.

They fraudulently convinced victims to invest in FX and commodity markets through Cifuentes Fund Management (CFM).

As per the reports from CFTC, the company owners defrauded 700 investors out of more than $75 million.

The regulator has filed a complaint, accusing Mediatrix Capital Inc. and its three principals of fraud.

A growing amount of crypto allegedly being dumped on exchanges could be connected with PlusToken.

Lanzana published false statements showing balances of $800,000 for a forex trading account that did not exist.

The scheme defrauded around 10,000 investors.

Kelvin Clive Wood scammed more than $7 million from his clients.

The ICO of the coin was halted by the SEC in May.

The CFTC charges owners of Oasis Global FX with running a Ponzi-style scheme through their retail FX platform.

Yehuda Belsky pleaded guilty to three separate charges, including one count of securities fraud.

The crypto project is facing backlash from regulators around the world.

The IFSC took the step shortly after the firm was named in a CFTC investigation

The defendants solicited money through promising high returns and low risk through a technique called “factoring.”

The scammers were primarily targeting elderly people.

The court fined Thomas Lanzana and his company Blackbox Pulse, aka Unique Forex.

Patrick McDonnell was indicted on nine counts of securities fraud and he faces up to 20 years in prison.

After defrauding clients, Kelvin Clive Wood has admitted to having misled clients

In 2017 the regulator warned investors to not invest with GTI Net as it looked like a Pyramid scheme.

At its highest point, the alleged Ponzi scheme claimed to be managing more than $5 million worth of investor ...

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