Category: Ponzi Scheme

The US Attorney’s Office says Perez used the money to fund a lavish wedding and purchase luxury vehicles like a Lamborghini and a Rolls-Royce. MIDLAND,…

View More Director of Midland business ordered to pay $14M in restitution for Ponzi scheme

MIDLAND – A Keller man was sentenced yesterday to 168 months in prison and ordered to pay $14,538,967.27 in restitution for operating a Ponzi scheme.…

View More Keller Man Sentenced to 14 Years in Prison and Ordered to Pay $14M in Restitution for Ponzi Scheme | USAO-WDTX

The walls are closing in around one embattled crypto lending platform as a new lawsuit alleges it defrauded investors. Celsius Network, which filed for bankruptcy…

View More Class Action Lawsuit Accuses Troubled Crypto Exchange Celsius of Running Like a ‘Literal’ Ponzi Scheme

Posted on: July 15, 2022, 11:44h.  Last updated on: July 15, 2022, 02:06h. The trial kicked off this week of a so-called “lottery lawyer,” accused…

View More Lottery Lawyer Accused of Bilking America’s Biggest Jackpots Winners

In last week’s Cabinet News and Views, we examined the U.S. regulators’ approach to the digital asset space, with a focus on the assertion…

View More In Depth: Regulation And Enforcement Of The Digital Assets Markets, Part Two – Focus On Enforcement – Commodities/Derivatives/Stock Exchanges

Following its filing for bankruptcy just weeks after freezing customer withdrawals, troubled cryptocurrency lending firm Celsius Network LLC has been slapped with a proposed class…

View More Celsius ‘much like a literal Ponzi scheme’, class action suit alleges

A U.K. parliamentary committee has launched an inquiry into dangers associated with crypto assets as the government pushes to turn the country into a global…

View More UK Parliament Inquires Into Risks as Government Pursues Crypto-Agenda

A Lagos State high court, Ikoyi division has ordered Mr. Bamise Samson Ajetunmobi, Mrs. Elizabeth Anuoluwapo Ajetunmobi to pay the sum of N18.8billion with interest…

View More Court orders Ponzi scheme couple to pay N18.8 billion with interest to scammed Nigerian investors

MetaMask co-founder Aaron Davis has told media outlet Vice that investing in the cryptocurrency industry amounts to gambling. MetaMask is a secure solution that allows…

View More MetaMask Co-founder Calls Cryptocurrencies Gambling

In an interview with Vice, Aaron Davis of MetaMask which has allowed crypto users a place to store their holdings for six years now warned……

View More The co-founder of a major crypto wallet says ‘putting your money in cryptocurrencies is gambling’