Ponzi Schemes | ForkLog

ForkLog 19 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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ForkLog 16 28.07.2021

More than 100 Finiko depositors file complaints with police in Tatarstan

More than 100 complaints filed by Finiko depositors with law enforcement in Tatarstan.

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ForkLog 21 16.07.2021

Founder of the Finiko pyramid says he has lost access to user accounts

Co-founders of the Finiko pyramid have stopped getting in touch. This was stated by the founder Kirill Doronin during a live Instagram broadcast.

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ForkLog 10 16.07.2021

Cryptocurrency pyramid shut down in Cherkasy after $9.1 million losses

National Police of Ukraine officers halted a fictitious cryptocurrency exchange, whose founders promised investors 7% daily profits.

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ForkLog 16 15.07.2021

Finiko pyramid suspends payouts and demands users’ personal data

On July 13, the Finiko financial pyramid announced a suspension of payments and requested documents from customers confirming the provenance of their funds.

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ForkLog 10 14.07.2021

Four suspects arrested in Japan over $54 million crypto scam

The Aichi Prefectural Police (Japan) arrested four suspects in organizing the Oz Project cryptocurrency fraud scheme, which affected more than 20,000 people with losses of up to 6 billion yen (about $54.3 million). Asahi Shimbun Digital reports.

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ForkLog 25 12.07.2021

Media: Finiko pyramid founder obtains Turkish citizenship and buys property in Thailand

One of the founders of the Finiko financial pyramid, Kirill Doronin, has obtained Turkish citizenship, and his current whereabouts are unknown. This was reported following a joint investigation by Andrei Alistarov, the author of the YouTube channel «Iron Bet» and the Telegram channel «Satoshi's Tears».

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ForkLog 89 06.07.2021

Founders of the Finiko pyramid suspected of exit scam

Investors in the Kazan-based Finiko pyramid are flooding with complaints about being unable to withdraw funds. Independent experts estimate the total damage from the company's activities at several hundred million dollars.

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ForkLog 10 06.07.2021

Brazilian Police Arrest Local ‘Bitcoin King’ on $300 Million Fraud Charges

The Brazilian Federal Police liquidated Bitcoin Banco Group, whose actions harmed more than 7,000 clients, with losses exceeding $300 million. Its leader, Claudio Oliveira, known as the 'Bitcoin King', has been arrested.

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ForkLog 7 21.06.2021

Minneapolis Fed president calls Dogecoin a Ponzi scheme.

Neel Kashkari, president of the Minneapolis Fed, called the meme cryptocurrency Dogecoin a Ponzi scheme in a comment on Coinbase chief legal officer Paul Grewal's LinkedIn poll about the correct pronunciation of the DOGE token.

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ForkLog 7 01.06.2021

Bank of Russia adds cryptocurrency-related projects to its blacklist

Several projects related to investing in and trading cryptocurrencies were included in the Bank of Russia's list of organisations showing signs of illicit activity in the financial market.

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ForkLog 11 31.05.2021

Nigeria arrests creator of Pinkoin cryptocurrency

Nigerian authorities arrested Omotade-Sparks Amos Sewanu, the founder of the InksNation pyramid scheme, whose activities caused losses of over 32 million naira (more than $77,800).

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#Ponzi Schemes