Ponzi Schemes

https://www.shutterstock.com/image-photo/washington-dc-march-14-2018-seal-1055576417?src=rKWDkH-516fJTfrZ5ZnLOQ-1-44Scams

US Arrests 3 in Alleged Crypto Mining Pool Fraud Scheme

Nikhilesh DeDec 10, 2019

U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.

https://www.shutterstock.com/image-photo/beautiful-diamond-stone-tongs-craft-jewelery-1091005916?src=Ciit6eS3nC2qsjEeU1eFOQ-1-40Crime

SEC Moves to Halt Diamond-Linked Crypto ‘Ponzi Scheme,’ Freeze Assets

Daniel PalmerMay 21, 2019

The U.S. Securities and Exchange Commission has taken action over what it alleges is a $30 million crypto scam based on supposed diamond investment.

https://www.shutterstock.com/image-photo/washington-dc-august-20-emblem-us-781859251?src=Vju8DJT-9dJ7Gj4GTN2ByA-1-0Enforcement

CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft

Nikhilesh DeFeb 14, 2020

The CFTC is charging Breonna Clark and Venture Capital Investments with defrauding investors by pretending to run a commodity pool invested in crypto and foreign currency contracts.

News

OneCoin Claims It’s Not a Ponzi or Pyramid Scheme

Daniel PalmerMay 17, 2019

The OneCoin project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit a narrow definition of either.

Crime

Korean Crypto Scam Fleeced Investors for Over $18.5 Million

Yogita KhatriApr 8, 2019

Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million.

Ponzi Schemes

Ethereum

Ponzi Games Are Breaking Out on the Ethereum Blockchain

David FloydBrady Dale

Two dapps on ethereum that bear all the hallmarks of Ponzi schemes are the most popular games on the site now.

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Financial Regulation

Indian Finance Ministry: Cryptocurrencies Are ‘Like Ponzi Schemes’

Wolfie Zhao

The India government doubled down its skepticism over cryptocurrencies, calling them like "Ponzi Schemes."

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Crime

Prosecutors File Charges in Alleged $250 Million Crypto Mining Fraud

Wolfie Zhao

Authorities in South Korea have reportedly filed suit against a U.S. cryptocurrency mining firm, alleging a multi-million dollar fraud.

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Scams

Here Come the Bogus Bitcoin Scare Tactics

Steven Hopkins

Fear, uncertainty and doubt are dominating the media, but Overstock's Steve Hopkins suggests talking points to counter the scaremongering.

https://www.shutterstock.com/image-photo/fabulous-shadow-little-prince-on-horse-578902873
Crime

Bitcoin Ponzi Scheme Operator Pleads Guilty to Securities Fraud

Pete Rizzo

Bitcoin ponzi scheme perpetrator Trendon Shavers has plead guilty to securities fraud and is now awaiting sentencing.

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