Ponzi Schemes | ForkLog

ForkLog 7 05.11.2022

SEC charges Trade Coin Club organisers over $295 million fraud

The U.S. Securities and Exchange Commission has charged four organizers of the Trade Coin Club cryptocurrency pyramid.

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ForkLog 10 07.10.2022

Brazilian police dismantle €780m cryptocurrency pyramid

Brazilian police carried out searches at 20 addresses across three states tied to a case of international cryptocurrency fraud worth €780m, according to The Portugal News.

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ForkLog 7 06.10.2022

SEC shuts down CryptoFX crypto pyramid in Texas that raised $12 million

The SEC shut down the Texas-based CryptoFX crypto pyramid, which has raised $12 million since 2020 under the guise of cryptocurrency investments.

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ForkLog 7 09.09.2022

U.S. resident pleads guilty to involvement in a $100 million cryptocurrency pyramid

The 'Head Trader' of the EmpiresX cryptocurrency pyramid, Joshua Nicholas, pleaded guilty to conspiring to commit securities fraud involving $100 million.

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ForkLog 7 23.08.2022

Argentine presidential candidate accused of promoting crypto scam

One of the leading contenders for the Argentine presidency, Javier Milei, was sued for promoting a purported crypto Ponzi scheme, according to Clarín.

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ForkLog 7 15.08.2022

Hedge-fund owner accused of $12 million Bitcoin fraud

In the U.S. district court in Ohio, a lawsuit was filed by the CFTC against a local resident accused of organizing a financial pyramid with losses exceeding $12 million in cash and Bitcoin.

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ForkLog 6 08.08.2022

Kazakhstan opens pre-trial investigation into a ‘mining’ financial-pyramid scheme.

The Department of the Financial Monitoring Agency of Kazakhstan has begun a pre-trial investigation into a financial pyramid scheme.

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ForkLog 14 02.08.2022

SEC accuses Forsage founders of promoting a $300 million crypto pyramid

The U.S. Securities and Exchange Commission (SEC) charged eleven people with creating and promoting the Forsage cryptocurrency pyramid, which drew more than $300 million from investors worldwide.

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ForkLog 7 20.05.2022

Two Americans charged in $44 million cryptocurrency pyramid scheme

A U.S. court charged local residents with misappropriating $44 million through a sham cryptocurrency investment scheme.

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ForkLog 14 18.05.2022

Bill Ackman calls Terra a crypto pyramid

The Terra collapse resembles the collapse of a financial pyramid, said Bill Ackman, CEO and founder of Pershing Square Capital Management.

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ForkLog 5 05.05.2022

Bank of Russia: More than 58% of pyramids identified in Q1 2022 linked to cryptocurrencies

More than half of the financial pyramids identified in Russia in the first quarter of 2022 were linked to investments in digital currencies. This was stated by Valery Lyakh, head of the Bank of Russia's department for countering illicit practices.

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ForkLog 14 04.05.2022

Founder of Finiko points to the ‘real culprits’ behind the pyramid’s collapse

The founder of the Finiko financial pyramid, Kirill Doronin, blamed the collapse of the project on people who had access to bitcoin accounts.

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#Ponzi Schemes