Ponzi Schemes | ForkLog

ForkLog 8 02.11.2020

Lawyer for OneCoin scammer disbarred

A five-judge panel disbarred Mark Scott, the lawyer linked to the scandal-plagued OneCoin pyramid. Cointelegraph reports.

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ForkLog 17 29.10.2020

In China, organizers of a $1.1 billion WoToken crypto-pyramid are sentenced

A court in China sentenced the organizers of the WoToken cryptocurrency pyramid, which caused about $1.1 billion in damage, according to The Block.

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ForkLog 10 28.10.2020

Bank of Russia identified 140 pyramid schemes, some offering investments in cryptocurrencies

The Bank of Russia identified more than a thousand illegally operating organisations on the financial market over the first nine months of 2020. Some of them showed signs of pyramid schemes and offered investments in cryptocurrencies and tokens, writes Izvestia, citing the Bank of Russia.

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ForkLog 8 23.10.2020

Spanish police arrest CEO of Arbistar cryptocurrency project Arbistar 2.0

Spanish police have arrested the head of the Arbistar 2.0 cryptocurrency project, Santi Fuentes. He is suspected of fraud and money laundering, according to CoinDesk.

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ForkLog 8 11.10.2020

Titanic star to play lead role in film about OneCoin crypto pyramid

Oscar-winning Kate Winslet will play the lead role in the film about the OneCoin cryptocurrency pyramid. The actress will also serve as a producer of the film, Deadline reports.

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ForkLog 9 05.10.2020

Indian police uncover cryptocurrency pyramid worth tens of millions of rupees

In the Indian state of Kerala, police have begun an investigation into three companies in connection with fraud. According to police, more than 11,000 people were victims who were offered to invest in the new cryptocurrency Morris Coin, The New Indian Express reports.

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ForkLog 16 25.09.2020

Spanish crypto project Arbistar suspected of exit scam

Arbistar 2.0 stopped its trading bot Community Bot, blocking the accounts of 32,000 users. Afterwards analytical firm Tulip Research suspected the developer of a scam.

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ForkLog 6 14.09.2020

US charges Argyle Coin founder with $25 million fraud

Federal prosecutors in the Southern District of Florida have charged a 51-year-old Washington resident with fraud. According to a Department of Justice press release, he created a pyramid scheme and launched a cryptocurrency asset allegedly backed by diamonds.

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ForkLog 10 08.09.2020

In China, creators of PlusToken pyramid scheme charged

The Xiangshui County People's Procuratorate has charged six creators of the PlusToken cryptocurrency pyramid with organizing and running a fraudulent scheme, as stated in the department's filing.

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ForkLog 6 08.09.2020

Opinion: Ethereum’s price held up by Forsage Ponzi scheme

Managing partner Dovey Wan of Primitive Ventures explained that ETH's rising price is a bubble sparked by the Forsage Ethereum project. The expert believes the alleged Ponzi could push ETH to new lows.

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ForkLog 16 07.09.2020

FBI files complaint against Bitsonar pyramid founder

Former employee of the Bitsonar cryptocurrency fund, Yaroslav Stadchenko (also known as Yan Novak), reported misconduct by the founder Alexander Tovstenko to the U.S. FBI.

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ForkLog 26 04.09.2020

BitClub Network mining-pool organizer pleads guilty to $722 million fraud

A California resident, Joseph Frank Abel, pleaded guilty in the BitClub Network mining-pool case. The U.S. Department of Justice reports this.

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