A federal prosecutor is fighting the release requests of two alleged scammers accused of operating a $722 million cryptocurrency-related Ponzi scheme. New Jersey federal prosecutor Craig Carpenito is fighting the request of two alleged crypto scammers to be released from a county jail amid the coronavirus pandemic. According to court documents filed with the United…
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Responding to Bitcoin’s recent falling prices, some experts see a correlation to traditional markets, while others see a correlation to PlusToken selling. Some authorities think current traditional market instability lies behind Bitcoin’s (BTC) recent plunge, while others feel the alleged PlusToken scam is the cause. Bill Herrmann, CEO of alternative investment banking firm Wilshire Phoenix,…
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Legendary soccer player Ronadinho Gaúcho, now under investigation for involvement in Bitcoin pyramid schemes, was detained with falsified passports. Legendary soccer player Ronaldinho Gaúcho was ‘arrested’ trying to enter Paraguay with a fake passport. One of the greatest soccer players in the history of the sport and now under investigation for participation in companies accused…
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The CFTC has filed charges against two parties on Ponzi allegations involving crypto, forex, and over $500,000 of defrauded funds. The Commodity Futures Trading Commission (CFTC) has filed charges against a Colorado native and associated investment company on fraud charges. Denver local Breonna Clark, along with Colorado-based Venture Capital Investments Ltd., face civil action from…
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The co-founder of the notorious $5 billion fraud, Ruja Ignatova, will ultimately hit screens after a U.S. production company wins filming rights. The co-founder of cryptocurrency-inspired Ponzi scheme OneCoin faces charges of fraud and money laundering in her absence — but will now become a movie star. As Hollywood news outlet Deadline reported on Feb.…
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The Ugandan government is reported to be making moves in banning pyramid schemes, which may put additional restriction for cryptocurrency usage and reporting. Ugandan legislators are exploring the role of cryptocurrencies in connection with pyramid scheme frauds that are often found in the country, local newspaper PML Daily reported on Feb. 4. While legislators are…
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Former pro baseball players and senior citizens are among the victims of a crypto ponzi scheme that defrauded people of at least $7.5 million. Two men have been charged over an alleged crypto trading Ponzi scheme lured investors, including professional baseball players, with social media posts boasting about their luxurious lifestyles. On January 30, the…
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The CFTC is having trouble locating a man allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. The United States Commodity Futures Trading Commission (CFTC) is having trouble locating Benjamin Reynolds, who is allegedly responsible for a cryptocurrency Ponzi scheme worth over $140 million. Financial news outlet FinanceFeeds reported on Jan. 6 that…
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Has 2019 lived up to the expectations of the crypto community and those working in the industry, and what are the biggest disappointments? Disappointment isn’t always a bad thing. It can be a spur, motivating one to work harder to meet expectations and goals. It is in this spirit that Cointelegraph informally surveyed members of…
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New Jersey authorities announce the arrest of three founders of alleged $722 million crypto Ponzi scheme BitClub Network. United States authorities in New Jersey have announced the arrest of three men who are accused of defrauding investors of over $722 million as part of alleged crypto ponzie scheme BitClub Network, per a Dec. 10 announcement…
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