The Nigeria Deposit Insurance Corporation (NDIC), has advised Nigerians to beware of ponzi schemes operating under the guise of financial institutions. The Zonal Controller of…
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Category: Ponzi Scheme
Kazakhstan Investigates Crypto Mining Hotel Allegedly Operating as Ponzi Scheme – Mining Bitcoin News
Authorities in Kazakhstan have launched an investigation into a mining hotel business suspected of being a crypto pyramid as part of an ongoing crackdown on…
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SEC cancels Katuwang Poultry’s registration
The Securities and Exchange Commission (SEC) has revoked the registration of Katuwang Poultry Chicken Egg Producing Co. as a partnership for illegally soliciting investments from…
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Ex-Girardi Keese Attys Can’t Dodge Edelson’s Contract Claims
By Hailey Konnath (August 9, 2022, 9:39 PM EDT) — Edelson PC got the green light Tuesday to pursue claims that two former Girardi Keese…
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Senate climate change to help these clean tech startups
The new legislation, the Inflation Reduction Act of 2022, contains $369 billion in climate and clean energy funding — proving a name change can go…
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Who Regulates Crypto? – AAF
Executive Summary Recent congressional efforts have sought to provide regulatory guardrails to the nascent cryptocurrency industry; for the most part these efforts have focused on…
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Ponzi Scheme Lands Ex-West Chester Finance Advisor Five Years In Jail
PHILADELPHIA — A former investment advisor was sentenced today in U.S. District Court here to five years in federal prison for orchestrating a Ponzi scheme…
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Feds Aim to Lift Crypto Anonymity With Sanctions
In sanctioning what it called the “notorious virtual currency mixer Tornado Cash” on Monday (Aug. 8), the Treasury Department kicked off what could be the…
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PYMNTS Cryptocurrency Glossary: Regulations, Legal and Crime
Cryptocurrency is a confusing business with a language all its own, in part because it is a genuinely new way of doing business and in…
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Crypto Crackdown: SEC Busts “Textbook” Digital Ponzi Scheme – Fin Tech
In the 1920s, a new form of investment fraud roared into the markets with the advent of the Ponzi scheme. Last week, the Securities and…
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