Ponzi Schemes | ForkLog

ForkLog 12 27.01.2021

American trader charged in $5m cryptocurrency fraud

U.S. federal prosecutors charged 24-year-old trader Jeremy Spence with running a cryptocurrency pyramid scheme, Coin Signals. The scheme's victims numbered 170 investors, according to the DOJ filing.

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ForkLog 7 11.01.2021

Court remands Bitsonar pyramid founder in pre-trial detention on murder charges

On 24 December 2020, the Kyiv District Court of Odessa changed the preventive measure to detention without the possibility of posting bail for the creator of the Bitsonar pyramid, Alexander Tovstenko, suspected of organizing the ordered murder of a former colleague.

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ForkLog 7 20.12.2020

Hearing in OneCoin co-founder’s case paused for three months

Sebastian Greenwood's lawyer, the second most prominent figure in the OneCoin cryptocurrency pyramid, and the prosecution agreed to suspend pre-trial disclosure of evidence.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 10 10.12.2020

US court sentences Argyle Coin founder to prison term

In the United States, the founder of the Argyle Coin cryptocurrency project, Jose Angel Aman, was found guilty of orchestrating a $25 million Ponzi scheme. The decision of the U.S. District Court for the Southern District of Florida is stated in a Justice Department press release.

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ForkLog 25 07.12.2020

In Tatarstan, a pyramid scheme attracted 80 million rubles through cryptocurrency investments

At the request of the Tatarstan prosecutor's office, a criminal case has been opened against Finiko, suspected of organizing a financial pyramid worth at least 80 million rubles. Local media report this.

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ForkLog 6 06.12.2020

Bitsonar pyramid founder, suspected of murder, released from pre-trial detention under house arrest

On 3 December, the Bitsonar pyramid founder Alexander Tovstenko, suspected of organizing the murder-for-hire of his former colleague, was released from pre-trial detention under house arrest. The Kyiv District Court of Odessa made the decision, according to former company technician Yaroslav Stadchenko.

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ForkLog 19 01.12.2020

PlusToken pyramid founders sentenced to prison in China

The Yancheng City Court in Jiangsu province, China, sentenced 14 organizers of the PlusToken cryptocurrency pyramid. The South China Morning Post reports this.

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ForkLog 9 01.12.2020

Bank of Russia Identifies Cashbery Followers Behind Crypto Investments

The Bank of Russia has uncovered a financial pyramid in which managers from Cashbery participated. Investments in the pyramid were accepted exclusively in cryptocurrencies, said Valery Liakh, head of the central bank's Department for Countering Unfair Practices, in an interview with TASS.

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ForkLog 8 30.11.2020

Opinion: Sale of confiscated PlusToken coins worth $4.2 billion — FUD and nothing more

Chinese authorities have already sold most of the PlusToken pyramid’s seized cryptocurrency, worth $4.2 billion. The market should not be worried, says Matthew Graham, head of Sino Global Capital.

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ForkLog 12 27.11.2020

China sells confiscated PlusToken cryptocurrencies worth $4.2 billion

Chinese authorities have sold confiscated cryptocurrencies from the PlusToken pyramid scheme investigation, valued at $4.2 billion. The Block reports, citing a Yancheng court order.

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ForkLog 8 18.11.2020

US arrests organizer of $35m Ponzi scheme

Matthew Pirsi, founder of Family Wealth Legacy and Zolla, accused of organizing a large Ponzi scheme, was detained by FBI agents, according to a press release from the U.S. Department of Justice.

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ForkLog 6 10.11.2020

Bank of Russia reports uptick in cryptocurrency fraud in Perm Krai

Ponzi schemes in Perm Krai lure residents into cryptocurrency investments. RBC reports this, citing a statement from the Bank of Russia.

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