Browsing the "Ponzi Schemes" Tag

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

| Daniel Palmer

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.

OneCoin Claims It’s Not a Ponzi or Pyramid Scheme

| Daniel Palmer

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.

Korean Crypto Scam Fleeced Investors for Over $18.5 Million

| Yogita Khatri

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

pyramids, sound

Ponzi Games Are Breaking Out on the Ethereum Blockchain

| Brady Dale and David Floyd

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

Indian Finance Ministry: Cryptocurrencies Are ‘Like Ponzi Schemes’

| Wolfie Zhao

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

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.

shadow, puppet

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.

justice, court

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.