Category: Ponzi Scheme

COLUMBUS – A Jackson, Ohio man was sentenced in U.S. District Court today to 108 months in prison for orchestrating a $50 million dollar Ponzi…

View More Jackson County man sentenced to prison for $50 million Ponzi scheme – InsuranceNewsNet

Justin Bons, founder and chief investment officer, Cyber Capital, a cryptocurrency-oriented fund, has made the statement on Bitcoin (BTC) being one of the worst cryptocurrencies…

View More Justin Bons of Cyber Capital on why Bitcoin lacks utility 

An article in the Wall Street Journal (WSJ) has claimed that Tether’s balance sheet is in a position that even a 0.3% drop in value…

View More 0.3% fall in assets “could render Tether technically insolvent” — WSJ

The Securities and Exchange Commission (SEC) has admonished investors to patronise only registered operators when engaging in capital market transactions. The Director-General of the commission,…

View More ‘Patronise only licensed operators for market transactions’ | The Guardian Nigeria News

By Chinwendu Obienyi The Securities and Exchange Commission (SEC) says it is working with the National Assembly on the review of the Investment and Securities…

View More ISA review, enactment likely before year end –SEC

Brooke Germain / Nevada SagebrushAn illustration of an ape in the art style of the Bored Ape Yacht Club hanging onto the top of a…

View More NFTs are the Internet’s new favorite Ponzi scheme – The Nevada Sagebrush

HARTFORD, Conn. (AP) — Medical examiners confirmed Friday that convicted Ponzi schemer and Jeffrey Epstein mentor Steven Hoffenberg was the person found dead in a…

View More Officials confirm death of Jeffrey Epstein mentor Hoffenberg

The DSI explained that the scheme used current members to lure new victims with promises of high returns to both new investors and current members.…

View More Promises of super high returns lured over 9,800 victims to Ponzi scheme

A year after a Georgia man with broad holdings in the Chattanooga area was accused of running a massive Ponzi scheme, investors who were allegedly…

View More Investors in former Chattanooga Lookouts investor’s alleged Ponzi scheme may learn how to get money back

After reports that merchants and holders of “Zugacoin” cryptocurrency are unable to make withdrawals, the founder of the Nigerian crypto, Sam Zuga responded by accusing…

View More Supposed Poverty Eradicating Cryptocurrency Criticized as Just Another Complex Nigerian Ponzi Scheme – Featured Bitcoin News