gemcoin

prison
GemCoin Founder Sentenced to 10 Years for $147M Crypto Scheme
The judge scheduled a restitution hearing for victim investors for this summer.
prison

jusiticescales
Gemcoin Founder Agrees to Plead Guilty to Fraud, Tax Evasion for $147M Scheme
Steve Chen agreed to plead guilty to tax evasion and conspiracy to commit wire fraud in connection with the $147 million Gemcoin scheme.
jusiticescales

Law, legal
'Gemcoin' Ponzi Scheme Operator Hit With $74 Million Judgment
One of the leaders of a Ponzi scheme that involved a fictitious cryptocurrency has been ordered to pay $74 million.
Law, legal

Lawsuit
GemCoin Investors Seek $100 Million in Class Action Lawsuit
An $100m class action lawsuit has been filed on behalf of victims of an alleged Ponzi scheme involving the fake cryptocurrency 'Gemcoin'.
Lawsuit

SEC
SEC Seizes Assets from Alleged Altcoin Pyramid Scheme
A California company promoting a digital currency called GemCoin has had its assets seized by the US government amid allegations of fraud.
SEC