Ponzi Schemes | ForkLog

ForkLog 13 19.07.2023

Loss from Life is Good pyramid in Russia totaled 15 billion rubles

More than 18,000 victims of the Life is Good pyramid in Russia collectively lost about 15 billion rubles, including in digital assets.

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ForkLog 16 24.05.2023

DeFi project Fintoch suspected of $31.6m fraud

The DeFi project Fintoch team allegedly carried out an exit scam, withdrawing clients' digital assets worth $31.6m, according to on-chain researcher ZachXBT.

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ForkLog 5 24.05.2023

In Kazakhstan, authorities identify alleged organizers of the MetaGo cryptocurrency pyramid

Four residents of Kazakhstan are suspected of organizing a cryptocurrency pyramid, whose damage amounted to more than 124 million tenge (over $280,000).

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ForkLog 8 04.04.2023

Ukraine closes financial pyramid with turnover of nearly $40 million

The SBU uncovered the Life is good financial pyramid, which attracted funds allegedly for investment in major enterprises worldwide.

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ForkLog 17 22.03.2023

Head of OneCoin pyramid compliance faces up to 40 years in prison

U.S. authorities charged Irina Dilkinskaya, the former head of the compliance department at the OneCoin cryptocurrency pyramid, with fraud and conspiracy to launder money.

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ForkLog 24 23.02.2023

Forsage founders charged in $340m crypto-pyramid scheme

A U.S. court has charged four Russians with organizing and promoting the Forsage cryptocurrency pyramid, whose victims around the world lost approximately $340 million.

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ForkLog 10 09.02.2023

Bank of Russia blacklists fake broker CZ-Changpeng FX

On 8 February, the Bank of Russia expanded the list of companies with signs of illicit activity on the financial market. Eleven of them promised earnings from cryptocurrencies.

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ForkLog 9 13.01.2023

Court orders $17 million in restitution for about 800 BitConnect victims.

A federal district court in San Diego (US) ordered the distribution of $17 million among roughly 800 victims of the BitConnect Ponzi scheme, worth $2.4 billion.

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ForkLog 9 28.12.2022

Ukraine’s securities regulator puts Bitbon on the list of unreliable investment projects

On December 27, Ukraine's National Commission on Securities and the Stock Market (НКЦБФР) added eight cases to the list of unreliable investment projects.

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ForkLog 18 08.12.2022

Top Finiko executive Edward Sabirov detained in the UAE

On 30 November, the UAE Interpol National Bureau announced the arrest of another organizer of the Finiko pyramid, Edward Sabirov.

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ForkLog 7 01.12.2022

EmpiresX bitcoin-pyramid trader sentenced to four years and three months in the United States

The lead trader of the EmpiresX cryptocurrency pyramid, Joshua Nicolas, was sentenced to four years and three months in prison.

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ForkLog 18 17.11.2022

Co-founder of Finiko detained in the UAE

The co-founder of the Finiko financial pyramid, Zygmunt Zygmuntovich, was detained in the United Arab Emirates on 6 September.

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