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Ponzi scheme
Europe's Economic Crossroads: Recession Fears and S&P Global's
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Will Blockchain Technology Mark a Turning Point in Fraud
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Ponzi Scheme
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Regulation
Unique Forex Operators Slapped With $2.7 Million Penalty
2019-04-02T22:56:12.000+02:00
The court fined Thomas Lanzana and his company Blackbox Pulse, aka Unique Forex.
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CabbageTech Operator Arrested by FBI on Crypto Fraud Case
2019-03-27T00:03:46.000+02:00
Patrick McDonnell was indicted on nine counts of securities fraud and he faces up to 20 years in prison.
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Brokers
New Zealand Brokerage Owner Orchestrates $7M Ponzi Scheme
2019-03-20T15:30:18.000+02:00
After defrauding clients, Kelvin Clive Wood has admitted to having misled clients
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Regulation
FSMA Judgement on GTI Net is Upheld in Brussels Court
2019-02-22T11:03:28.000+02:00
In 2017 the regulator warned investors to not invest with GTI Net as it looked like a Pyramid scheme.
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Regulation
Silver Miller Files Lawsuit Against Crypto Ponzi Scheme
2018-12-27T09:47:06.000+02:00
At its highest point, the alleged Ponzi scheme claimed to be managing more than $5 million worth of investor assets.
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Regulation
CFTC Charges US Trader with FX and Commodities Fraud
2018-12-18T08:59:08.000+02:00
Dro Kholamian and his company Blue Star Trading allegedly misappropriated around $775,000 from at least three individuals.
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Regulation
Man Accused of Running $900,000 Forex Ponzi Scheme Arrested
2018-12-13T09:43:09.000+02:00
Thomas Lanzana has been accused of defrauding a minimum of 20 people.
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Celeste Skinner
Regulation
FX Trader Pleads Not Guilty to $7 Million Ponzi Scheme in NZ
2018-12-07T11:16:32.000+02:00
The SFO alleges that the trader created a Ponzi scheme to offset the net trading losses of his FX brokerage.
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Regulation
Federal Court Fines Operator of Gelfman Bitcoin Fraud $2.5 Million
2018-10-18T23:46:37.000+02:00
Gelfman staged a fake computer hack to conceal trading losses and misappropriation.
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News
Busted: Texas Man Gets 2 Years in Prison for $9 Million Crypto Ponzi Scheme
2018-09-14T09:01:26.000+02:00
Homero Joshua Garza ran four fraudulent crypto mining companies.
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Rachel McIntosh
Regulation
SEC Charges 5 for Selling Securities of Ponzi Scheme Woodbridge
2018-08-20T20:33:06.000+02:00
The accused are Barry M. Kornfeld, Ferne Kornfeld, Lynette M. Robbins, Andrew G. Costa, Albert D. Klager, and their companies.
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Regulation
Operator of Bitcoin, Binary Options Scam Slammed with $1.9 Million Penalty
2018-07-23T20:55:21.000+02:00
A Colorado businessman and his UK-registered company defrauded at least 600 customers of more than $1.1 million.
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Aziz Abdel-Qader
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News
Founders of Turkey’s 'National Cryptocurrency' Arrested For Ponzi Scheme
2018-07-04T19:24:53.000+02:00
The altcoin began functioning in October 2017, and its operators are supposed to have duped investors of TRY100 million.
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News
Turkish “National” Crypto Coin Founders Steal Millions from Investors
2018-06-19T13:22:25.000+02:00
The business model of the coin has close resemblance with Ponzi schemes.
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Arnab Shome
Regulation
FCA Exposes Ponzi Scheme Gainmax Capital
2018-03-19T22:42:10.000+02:00
Gainmax Capital claims that clients who invest bigger amounts will get bigger returns.
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Victor Golovtchenko
News
US Authorities Halt Activities of Four Alleged Cryptocurrency Fraudsters
2018-03-16T21:59:03.000+02:00
The victims were to get back their principal after a few days and turn a payment of $100 into $80,000.
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Brokers
Forex Scam Worth Millions Busted in Malaysia by Local Police
2018-02-16T00:07:05.000+02:00
A classic Ponzi Scheme promised unrealistic guaranteed returns from a website offshore
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CFTC Files Charges of $1.1 Million Binary Options Fraud Against Bitcoin Dealer
2018-01-19T18:20:23.000+02:00
If convicted, Dean could serve up to 20 years in prison.
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Cryptocurrency Could Be Big Ponzi Scheme, Warns India’s Finance Minister
2017-12-29T18:25:02.000+02:00
Cryptocurrencies aren’t ‘legal tender’ in India and they don’t have government authorisation.
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South Korea Arrests Seven Men Involved in Bitcoin Ponzi Scheme
2017-11-22T17:53:51.000+02:00
The scam, which ran from 2015, resulted in 3,900 investors losing $38 million between them.
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Regulation
SEC Charges Michael Scronic with Scamming 45 Investors Out of $20 Million
2017-10-05T22:18:05.000+02:00
Scronic made a series of materially false claims to lure investors interested in his investment vehicle.
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Brokers
Group of Investors File Charges against Greek Madoff and Defunct US Broker
2017-08-30T16:00:25.000+02:00
A similar case filed in the UK has not yielded any results for the plaintiffs.
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FT Calls Bitcoin a Pyramid Scheme on the Cryptocurrency's 8th Birthday
2017-01-04T09:52:02.000+02:00
As expected, the $1000 price brings mainstream media attention to bitcoin, not all of it good.
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Regulation
CWM's Mastermind Anthony Constantinou Jailed for Sexual Assault
2016-12-02T10:33:27.000+02:00
Constantinou has been given a 12 month prison sentence for sexually assaulting two women.
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Regulation
Former CBOE Member Fined $21.8m for Fraudulent Activities in Ponzi Scheme
2016-12-01T14:23:42.000+02:00
Wilkinson fraudulently solicited $11 million from investors claiming he would trade financial instruments on their behalf.
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