US Justice Department Extradites Alleged Co-Founder of Crypto Ponzi Scheme From Panama
The accused, Gutemberg Dos Santos, has been charged in an indictment and was extradited from Panama on Nov. 25.
Ponzi Schemes
Shawn Cutting allegedly claimed to be an experienced financial adviser to raise funds from over 450 investors.
South African Regulator Seeks More Crypto Powers After Alleged Ponzi Schemer’s Collapse
Jan 27, 2021
“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg.
A U.S. district court entered a default judgment against an Australian citizen residing in the U.S. and a Nevada corporation for a cryptocurrency fraud and misappropriation scheme, the Commodity Futures Trading Commission said Thursday.
The judge scheduled a restitution hearing for victim investors for this summer.
Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida.
Ponzi Schemes
