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Ponzi
Democratizing Investing: A Revolution in the Making?
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Stablecoins for Remittances: A Potential Game Changer?
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The Role of Enterprise Ethereum: Applications, Benefits, and
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ACY Securities Launches Comprehensive Reports for Shares to All
Thought Leadership
Democratizing Investing: A Revolution in the Making?
Education Center
Stablecoins for Remittances: A Potential Game Changer?
Education Center
The Role of Enterprise Ethereum: Applications, Benefits, and
Education Center
ACY Securities Launches Comprehensive Reports for Shares to All
Thought Leadership
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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
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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
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
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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
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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
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
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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
Regulation
CFTC Charges Dorian Garcia With $17.5m in Fines after FX Ponzi Scheme
A series of fines combined to form a $17.5m penalty against Garcia for swindling investors in a commodity and FX scheme.
Wednesday, 06/07/2016 | 10:01 GMT
by
Jeff Patterson
Regulation
Former Football Star Among Athletes Duped out of $30m in Ponzi-Like Scheme
Narayan gained the athletes' trust through their charitable interests and hid multiple conflicts of interest from investors.
Wednesday, 22/06/2016 | 12:13 GMT
by
Finance Magnates Staff
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Regulation
SEC Stops Scheme Defrauding Athletes Dead in its Tracks
The SEC has charged an investment adviser with secretly siphoning millions of dollars from accounts he managed for athletes.
Wednesday, 22/06/2016 | 07:16 GMT
by
Finance Magnates Staff
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