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Ponzi Scheme
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News
CFTC Files Charges against Four Operators of $44 Million Crypto Ponzi
People from Florida, India, North Carolina and New York are involved in the scheme.
The website used for the Bitcoin Ponzi was dubbed 'JetCoin'.
Tuesday, 08/03/2022 | 23:47 GMT
by
Felipe Erazo
Retail FX
Alista Group Executives Fined $1.6M for Precious Metal Fraud
They misappropriated customer funds and ran a Ponzi-styled scheme.
The regulator first brought charges against the scheme in July 2020.
Thursday, 03/03/2022 | 10:37 GMT
by
Arnab Shome
Retail FX
US SEC Charges Georgia Resident with Operating a $110 Million Ponzi Scheme
The investment adviser and his companies raised over $110 million from over 400 investors for the Ponzi scheme.
Wednesday, 25/08/2021 | 16:45 GMT
by
Felipe Erazo
Retail FX
Thai Police Charge Celebrity Actress for Forex-3D Connections
The scheme dupped around 9,692 investors of almost 2 billion baht.
Friday, 05/03/2021 | 07:04 GMT
by
Arnab Shome
Regulation
SEC Obtains Final Judgment against Man Convicted in Ponzi Scheme
The 74-year-old founded and run a company called Booth Financial Associates.
Monday, 22/02/2021 | 20:19 GMT
by
Aziz Abdel-Qader
News
FBI Arrests Jeremy Spence in Coin Signals’ Ponzi Scheme
Spence, 24, solicited investors through Telegram and Discord to invest in a series of crypto hedge funds.
Tuesday, 26/01/2021 | 18:17 GMT
by
Aziz Abdel-Qader
Retail FX
Thailand Police Nab $66 Million Forex-3D Ponzi Scheme Kingpin
The police already confiscated 1 billion baht-worth Forex-3D-liked assets.
Monday, 18/01/2021 | 13:42 GMT
by
Arnab Shome
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News
Founder of $147M Crypto Ponzi Scheme Gets 10-Year Prison Sentence
The scheme defrauded around 70,000 investors spanning across the globe.
Tuesday, 12/01/2021 | 07:13 GMT
by
Arnab Shome
News
US Regulator Charges Top AirBit Club Promoter
Chairez was charged for her activities as an unregistered broker.
Wednesday, 16/12/2020 | 07:05 GMT
by
Arnab Shome
News
Chinese Police Seize over $4.2 Billion from PlusToken Proceeds
The scheme has defrauded 2.6 million investors of over $11 billion.
Friday, 27/11/2020 | 10:53 GMT
by
Arnab Shome
News
Busted! Crypto Ponzi Schemer Apprehended after 'Sea Scooter' Escape Attempt
44-year-old Matthew Piercey is up against multiple charges connected to two crypto-related Ponzi scheme firms.
Wednesday, 18/11/2020 | 08:06 GMT
by
Rachel McIntosh
Regulation
Nadex Revokes Membership of Dominick Carducci after FX Scam Conviction
Carducci has been permanently banned from trading on Nadex Markets.
Friday, 18/09/2020 | 03:14 GMT
by
Celeste Skinner
Brokers
SEC, CFTC Claw Back over $1 Billion in WG Trading Scam
WG Trading operated commodities-trading and investment-advisory business that swindled investors out of more than $1.3 billion.
Friday, 11/09/2020 | 18:39 GMT
by
Aziz Abdel-Qader
News
Chinese Police Arrest 27 Plus Token Masterminds
The Ponzi scheme has reportedly defrauded $5.7 billion from the investors.
Thursday, 30/07/2020 | 13:05 GMT
by
Arnab Shome
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Regulation
British Columbia Fines Two Canadians for Running a Ponzi Scheme
A Richmond resident and his fellow raised roughly $5 million from 85 investors between February 2015 and March 2016
Thursday, 16/07/2020 | 21:18 GMT
by
Aziz Abdel-Qader
Brokers
CFTC Acts Against $14M FX and Binary Options ‘Ponzi Scheme’
Through three brands, the defendants offered binary options and forex trading and are alleged to have fleeced 91 investors.
Wednesday, 08/07/2020 | 22:45 GMT
by
Aziz Abdel-Qader
Regulation
SEC: Rhoda Burkholz to Pay $250K for Role in Ponzi Scheme
Burkholz has agreed to pay the money without admitting nor denying the allegations from the regulator.
Tuesday, 16/06/2020 | 06:00 GMT
by
Celeste Skinner
Brokers
CFTC Charges GNTFX Owner with Fraud Ponzi Scheme
Mikkelsen showed one of his victims that his account grew from $4,000 to over $26,000 in less than a year
Monday, 18/05/2020 | 18:40 GMT
by
Aziz Abdel-Qader
Retail FX
Pennsylvania Lawyer Charged in $2.7 Million Ponzi Scheme
Todd Lahr, 60, targeted his own law clients for the fraudulent sale of the securities of two entities.
Tuesday, 24/03/2020 | 17:27 GMT
by
Aziz Abdel-Qader
News
OneCoin Scam's Main Site Goes Offline: Law Enforcement Closes In
The alleged scam, which is estimated to have stolen at least $4.4 billion, was operational until late last week.
Tuesday, 03/12/2019 | 06:22 GMT
by
Rachel McIntosh
Regulation
Owners of FX Hedge Fund Admit to Role in Ponzi Scheme
They fraudulently convinced victims to invest in FX and commodity markets through Cifuentes Fund Management (CFM).
Monday, 18/11/2019 | 22:12 GMT
by
Aziz Abdel-Qader
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Brokers
Belize’s Watchdog Terminates License of Oasis Global FX
As per the reports from CFTC, the company owners defrauded 700 investors out of more than $75 million.
Thursday, 10/10/2019 | 19:14 GMT
by
Aziz Abdel-Qader
Regulation
SEC Stops Alleged $125 Million Trading Scam
The regulator has filed a complaint, accusing Mediatrix Capital Inc. and its three principals of fraud.
Thursday, 19/09/2019 | 06:25 GMT
by
Celeste Skinner
News
PlusToken Scam Could Be Much Larger than $2.9 Billion
A growing amount of crypto allegedly being dumped on exchanges could be connected with PlusToken.
Tuesday, 03/09/2019 | 09:43 GMT
by
Rachel McIntosh
Brokers
US Court Accuses Thomas Lanzana of Running ‘Ponzi-Like’ FX Scam
Lanzana published false statements showing balances of $800,000 for a forex trading account that did not exist.
Wednesday, 28/08/2019 | 14:53 GMT
by
Aziz Abdel-Qader
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