Category: Ponzi Scheme

5. FTX Estimated losses: Over $7 billion The crypto exchange run by 30-year-old Sam Bankman-Fried collapsed in November 2022 after a liquidity crunch exposed that…

View More 10 of the Biggest Financial Frauds of the Past 25 Years

How Bankman-Fried’s $250M Bail Compares to Historical Financial Fraudsters  Blockworks Read more…

View More How Bankman-Fried's $250M Bail Compares to Historical Financial Fraudsters – Blockworks

The crypto sector needs a little Christmas right this very minute, but that doesn’t seem likely. Cryptocurrency investors have been pounded by a series of…

View More Crypto Price Check: Ghosts of Crypto Haunt Battered Sector

Without a doubt, the biggest story of 2022 centered around Russia’s invasion of Ukraine. As a result, record global sanctions made headlines, with the UN…

View More 2022 in Review: Key Financial Crime Moments

Just when you thought that cycling’s stakeholders may have finally learned their lesson when it comes to cryptocurrency, blockchains, and NFTs (non-fungible tokens), another “game-changing”…

View More Velon launches “cycling’s first fan universe” – and yes, it involves cryptocurrency

Gregory Coleman, the retired Federal Bureau of Investigations (FBI) agent who was involved in the cases of the Bernie Madoff Ponzi scheme and prosecution of…

View More FBI agent involved in J.Belfort, B. Madoff cases explains how to prosecute Bankman-Fried

A follow-up on Web3 Antivirus release, dwelling on how to avoid expensive errors while looking for opportunities. It keeps happening all the time. You’re browsing…

View More Just get phishing scammers out of your way

Forex trading attracts many people due to its potential to trade from home and anywhere in the world. Many scams abound in the forex trading…

View More Forex Trading Scams – How To Spot And Avoid Scams

Consensual-hallucination stocks and crypto just keep on giving. By Wolf Richter for WOLF STREET. Austin-based Bitcoin miner and crypto-hosting-platform Core Scientific – one of the largest publicly traded…

View More Eleven Months After Going Public via SPAC, Texas-Based Bitcoin Miner Core Scientific Files for Bankruptcy

Sam Bankman-Fried, the disgraced former CEO of FTX, is heading back to the U.S. Wednesday but where he will land, in jail or somewhere much…

View More Bankman-Fried set to arrive at a Brooklyn jail. ‘Home detention is possible’