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Ponzi
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Investing in US Securities? Something is Stalking You …
Thought Leadership
Europe's Economic Crossroads: Recession Fears and S&P Global's
Education Center
Will Blockchain Technology Mark a Turning Point in Fraud
Education Center
7 Things We Wish Someone Had Told Us Before We Started Trading
Education Center
Investing in US Securities? Something is Stalking You …
Thought Leadership
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ponzi
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CryptoCurrency
Crytpo AI-Powered Profit Promise Leads to $25M Fraud Indictment
Two men are charged for a cryptocurrency Ponzi scheme.
They promised high-yield profits using AI but misused funds for luxury expenses.
Wednesday, 13/12/2023 | 08:24 GMT
by
Damian Chmiel
Retail FX
Ponzi Scheme: Definition and How to Avoid Them
Some red flags are harder to spot than others.
Friday, 13/10/2023 | 10:32 GMT
by
Pedro Ferreira
CryptoCurrency
U.S. Court Advances Sentencing in AirBit Club Cryptocurrency Ponzi Scheme
The defendants pleaded guilty to charges of money laundering.
Approximately $100 million was redirected to the founders and promoters of the scheme.
Wednesday, 04/10/2023 | 10:55 GMT
by
Tareq Sikder
Retail FX
FX Ponzi Scheme Defrauded $180m, Director Faces 10 Years in Jail
The scheme operated for almost seven years, starting in 2010.
The former director of a fraudulent company faces five criminal charges.
Tuesday, 08/11/2022 | 10:06 GMT
by
Damian Chmiel
Retail FX
CFTC Busts $44 Million Ponzi Crypto Investment Scheme
The alleged perpetrators defrauded at least 170 investors.
They have targeted investors at least since January 2021.
Friday, 20/05/2022 | 05:50 GMT
by
Arnab Shome
News
US Court Orders Crypto Ponzi Scheme Operator to Pay $32 Million
The scheme operator defrauded at least 179 individuals.
Friday, 09/04/2021 | 11:11 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
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Coins
Crypto Promoter Admits Role in $700M Mining Ponzi Scheme
The accusation comes as Joseph Abel and four co-defendants have been nabbed by US authorities in connection with Bitclub.
Thursday, 03/09/2020 | 22:05 GMT
by
Aziz Abdel-Qader
Regulation
SEC Cracks Down on More Ponzi Schemes, Hit IIG with Fraud Charges
IIG engaged in a pyramid scheme by overvaluing troubled loans and replacing defaulted loans with fake performing loan assets.
Friday, 17/07/2020 | 21:33 GMT
by
Aziz Abdel-Qader
Regulation
UGA Student Pleads Guilty to Running $1 Million Ponzi Scheme
Arham Arbab, 22, guaranteed returns between 22 and 56 percent, and backed up plans that cover the first $15,000 investment.
Monday, 14/10/2019 | 13:39 GMT
by
Aziz Abdel-Qader
Brokers
Victim of Greek Madoff Files Appeal in the UK
The England and Wales Court of Appeal is the next place for the ongoing legal battle for victims of Daskaleas
Thursday, 15/08/2019 | 12:21 GMT
by
Victor Golovtchenko
News
$3 Billion Chinese Ponzi Scheme Dumping BTC on Major Exchanges
The scheme defrauded around 10,000 investors.
Thursday, 15/08/2019 | 12:07 GMT
by
Arnab Shome
Brokers
New Zealand Brokerage Owner Orchestrates $7M Ponzi Scheme
After defrauding clients, Kelvin Clive Wood has admitted to having misled clients
Wednesday, 20/03/2019 | 13:30 GMT
by
Victor Golovtchenko
News
Head of BitConnect India Arrested, Police Working to Unravel Scheme
The crackdown on the "crypto currecy revolution [sic]" continues.
Monday, 20/08/2018 | 09:34 GMT
by
Simon Golstein
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News
CEO of Vietnamese Cryptocurrency Mining Firm Absconds with $35 million
Investors were invited to come and pick up their mining devices only to find company premises vacated.
Monday, 30/07/2018 | 13:42 GMT
by
Simon Golstein
Regulation
FCA Exposes Ponzi Scheme Gainmax Capital
Gainmax Capital claims that clients who invest bigger amounts will get bigger returns.
Monday, 19/03/2018 | 20:42 GMT
by
Victor Golovtchenko
News
Kentucky Tries Brigands - BitConnect Sued in Kentucky Court
The dubious investment platform faces its second class-action lawsuit.
Tuesday, 30/01/2018 | 09:33 GMT
by
Simon Golstein
News
Russian Scam Artist Mavrodi to Relaunch Cryptocurrency on Ethereum
"Financial apocalypse is inevitable.”
Monday, 25/12/2017 | 11:09 GMT
by
Simon Golstein
Brokers
Group of Investors File Charges against Greek Madoff and Defunct US Broker
A similar case filed in the UK has not yielded any results for the plaintiffs.
Wednesday, 30/08/2017 | 14:00 GMT
by
Victor Golovtchenko
Regulation
SEC Charges Bosses of Fake Day-Trading Firm with Defrauding Novice Investors
The two fraudsters behind the scheme pocketed over $1.4 million from investors across the world.
Thursday, 22/12/2016 | 08:59 GMT
by
Finance Magnates Staff
Regulation
CFTC Charges Trader with Fraud in Ponzi-Style Commodity Pool Scheme
Derek Springfield allegedly fraudulently solicited and received $1.46m in connection with pooled investments.
Wednesday, 21/12/2016 | 09:19 GMT
by
Finance Magnates Staff
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Regulation
South Carolina Couple to Pay over $10 Million for Forex Ponzi Scheme
On April 14, 2016, Robert Leben was sentenced to 40 months in prison in a parallel criminal action.
Monday, 15/08/2016 | 16:46 GMT
by
Aziz Abdel-Qader
Brokers
Victims of Thai Forex Ponzi Scheme Wealthy-Plus Claim $2.8m Lost
The Wealthy-Plus operation has cost some 1000 investors their life savings after advertising on Facebook and LINE.
Wednesday, 27/07/2016 | 16:12 GMT
by
Victor Golovtchenko
News
Trendon Shavers Sent to Jail Over Bitcoin Savings and Trust Ponzi Scheme
Trendon Shavers deceptively raised more than BTC 764,000, worth over half a billion USD at current Bitcoin exchange rates.
Sunday, 24/07/2016 | 12:53 GMT
by
Avi Mizrahi
Regulation
Former Wall Street Executive Pleads Guilty to $38 Million Fraud
Andrew Caspersen's addiction caused him to lose $123 million by compulsively speculating on put options in the S&P 500 index.
Thursday, 07/07/2016 | 06:50 GMT
by
Finance Magnates Staff
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