Ponzi Schemes | ForkLog

ForkLog 5 07.09.2021

In Kazan, the Finiko pyramid’s vice-president was detained

The police detained one of the participants in the Finiko financial pyramid, Ilgiz Shakirov, who had obtained the status of vice-president of the company.

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ForkLog 21 02.09.2021

BitConnect scam promoter to repay $24 million to investors

Former BitConnect director and promoter Glenn Arcaro pleaded guilty to involvement in a cryptocurrency fraud that defrauded investors of more than $2 billion.

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ForkLog 7 01.09.2021

Chainalysis: Finiko pyramid investors from Eastern Europe lost more than $1.5 billion

The Finiko financial pyramid collected over $1.5 billion in bitcoin from investors in Eastern Europe. The majority of this sum originated from Russia and Ukraine.

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ForkLog 13 01.09.2021

Media reports: Official losses in Finiko case exceed 250 million rubles

The official losses in the Finiko pyramid case have risen to 250 million rubles. This is stated in the revised indictment filed by the Tatarstan interior ministry against Finiko founder Kirill Doronin.

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ForkLog 7 31.08.2021

Media: Co-founders of the Finiko pyramid scheme have been declared internationally wanted

The Vakhitovsky District Court of Kazan granted the petitions for arrest in absentia of three Finiko pyramid co-founders — Marat and Edward Sabirov, and Zygmunt Zygmuntovich.

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ForkLog 10 26.08.2021

Brazilian police seize $28.7 million in cryptocurrency in Kryptos operation

The Brazilian Federal Police seized cryptocurrency worth 150 million reais ($28.7 million) during Operation Kryptos, linked to an alleged pyramid scheme, CNN Brazil reports.

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ForkLog 19 24.08.2021

Bank of Russia warns about cryptocurrency pyramids targeting pensioners

In Moscow and the Moscow region, scammers have stepped up their activity, offering pensioners an opportunity to earn extra income through investments in digital assets.

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ForkLog 11 12.08.2021

Bank of Russia calls Bitcoin a technological financial pyramid and warns investors could lose everything

Bitcoin is a high-risk asset for investments, and the Bank of Russia cannot protect cryptocurrency holders in the event of losses. This was stated by the first deputy chairman of the Bank of Russia, Sergei Shvetsov.

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ForkLog 15 11.08.2021

Co-founders of Finiko, the financial pyramid, have left Russia; authorities issue a wanted notice

The Ministry of Internal Affairs for the Republic of Tatarstan has issued a search for the Finiko co-founders — Edward and Marat Sabirov, and Zygmunt Zygmuntovich.

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ForkLog 16 09.08.2021

OneCoin Pyramid Promoters in Italy Charged with Fraud

Following the Italian financial police and South Tyrol provincial prosecutors' investigation, 14 people linked to the OneCoin pyramid were charged with aggravated fraud.

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ForkLog 9 03.08.2021

Moscow woman loses about 18 million rubles in Finiko investment scheme

A Moscow woman filed a police report after losing nearly 18 million rubles on Finiko pyramid investments.

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ForkLog 10 30.07.2021

Finiko founder Kirill Doronin detained in Kazan

In Kazan, one of the founders of the Finiko financial pyramid, Kirill Doronin, was detained. Local media reported this.

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#Ponzi Schemes