Category: Ponzi Scheme

A fake company operating an offshore cryptocurrency investment scheme has been investigated by police after multiple people fell victim to the scam. A person falling…

View More Crypto Ponzi scheme exposed, police urge caution

A US regulator has charged two men for being behind a multi-million-dollar cryptocurrency scam that stole funds from more than 100 investors. The Commodity Futures…

View More US regulator charges two men behind a $44 million crypto Ponzi scheme

A no-confidence vote to remove Maldives Media Council (MMC) President Shahbaan Fahmy from the council has failed. The council began the process of removing Shahbaan…

View More MMC’s no-confidence vote against its pres fails

(Bloomberg) — Wasim Rehman is a go-to person for investors desperate for an exit in the messy world of trading troubled, hard-to-sell assets — a…

View More Hedge Funder Invokes Specter of Madoff as New Bad Assets Explode

By Amaechi Ogbonna About five years ago when octogenarian, Pa John Adebiyi, invested his retirement benefits with an investment outfit in Lagos that promised 100…

View More Communication, stronger regulatory oversight as panacea to wonder banking menace – The Sun Nigeria

Something called Luna, which is (was?) apparently a cryptocurrency, fell by 99.98% in about a week’s time. Actually, the arithmetic of the fall was tremendously…

View More Only reason to buy cryptocurrencies is the price, and if the price falls, then that reason gets weaker

A Ukrainian man who converted almost all of his money into the crypto stablecoin terra back in April in order to protect it against the…

View More Ukrainian Man Lost $10,000 After Crypto Stablecoin Demise

By Maggie Brown, WRAL multiplatform producer Charlotte, N.C. — The U.S. Securities and Exchange Commission on Thursday charged a North Carolina business consultant with violating…

View More NC man accused of operating $7 million Ponzi scheme to fund ‘lavish’ lifestyle :: WRAL.com