Ponzi Schemes | ForkLog

ForkLog 17 09.11.2023

Kazakhstan opens investigation into Eolus cryptocurrency pyramid

Kazakhstan's law enforcement authorities opened criminal cases against the heads of structural subdivisions of the Eolus financial pyramid in ten regions of the country.

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ForkLog 7 18.10.2023

Finiko founder’s detention extended to January 30, 2024

The Moscow City Court granted the investigators' request to extend the arrest of Finiko founder Kirill Doronin.

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ForkLog 17 04.10.2023

AirBit Club employees sentenced to prison terms

The Southern District of New York sentenced Scott Hughes, Cecilia Millán and Karina Chaires of the AirBit Club to prison terms.

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ForkLog 26 28.09.2023

Former IcomTech chief admits involvement in cryptocurrency pyramid scheme

Former IcomTech chief Marco Ruiz Ochoa admitted to deceiving investors through a cryptocurrency pyramid.

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ForkLog 12 27.09.2023

AirBit Club co-founder sentenced to 12 years in prison

The U.S. District Court for the Southern District of New York sentenced AirBit Club co-founder Pablo Renato Rodriguez to 12 years in prison.

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ForkLog 6 22.09.2023

Russia approves extradition of Finiko co-founder Cholpon Aidarova to Kyrgyzstan

Russia's Prosecutor General's Office approved the Kyrgyz colleagues' extradition request for Cholpon Aidarova, a suspect in the Finiko financial pyramid.

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ForkLog 8 19.09.2023

OneCoin lawyer denied retrial in $400 million money-laundering case

The lawyer who laundered $400 million for the OneCoin cryptocurrency pyramid was denied a new trial, despite the prosecution witness lying. Bloomberg reports.

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ForkLog 12 13.09.2023

OneCoin co-founder sentenced to 20 years in prison

OneCoin co-founder Karl Sebastian Greenwood has been sentenced to 20 years in prison and fined $300 million.

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ForkLog 13 12.09.2023

Moscow arrests founder of fraudulent Bitcoin exchange Intelex

One of the leaders of the Well-being investment fund and founder of the Intelex cryptocurrency exchange, Vitaly Sokolovsky, has been arrested on fraud charges.

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ForkLog 11 06.09.2023

In South Korea, founders of a cryptocurrency pyramid scheme arrested over $82.5 million

The police in the South Korean city of Chhanwon arrested 22 people on charges of cryptocurrency investment fraud.

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ForkLog 9 05.09.2023

Losses from Bitcoin pyramid schemes in Russia exceed $50 million in six months

For the first half of 2023, the cumulative losses from the activities of the largest cryptocurrency pyramids in Russia amounted to more than $50 million.

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ForkLog 16 04.08.2023

In Kazakhstan, verdict handed down to the founders of the Sincere Systems Bitcoin pyramid

In Astana, a court heard the criminal case against the leadership of the Sincere Systems financial pyramid.

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