Ponzi Schemes

jusiticescales
Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme
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...
jusiticescales

DOJ
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.
DOJ

Chinese policeman
Chinese Authorities Have Seized a Massive $4B in Crypto From PlusToken Scam
Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China.
Chinese policeman

cftc
Court Enters $900K Judgment Against Crypto Ponzi Scammer on Behalf of CFTC
Venture Capital Investments Ltd. raised $534,829 from 72 victims, falsely promising to invest funds in bitcoin and other assets.
cftc

(Roman R/Shutterstock)
Federal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi Scheme
Besides facing criminal charges, the accused pseudo-pastors were charged by the CFTC and the SEC with allegedly soliciting over 1,000 people for a fake crypto fund.
(Roman R/Shutterstock)

(Anthony Easton/Flickr)
Inside a Crypto 'Ponzi': How the $6.5M Banana.Fund Fraud Unravelled
U.S. authorities are trying to return $6.5 million in bitcoin and tether to the victims of an alleged Ponzi scheme.
(Anthony Easton/Flickr)

Gerald Cotten, founder and former CEO of QuadrigaCX. (Original image by Trevor Jones)
Quadriga Was a Ponzi Scheme, Ontario Securities Regulator Says
NEW: The Ontario Securities Commission has published a scathing report calling now-defunct Canadian exchange QuadrigaCX a "Ponzi," and denouncing the practices of founder and...
Gerald Cotten, founder and former CEO of QuadrigaCX. (Original image by Trevor Jones)

CFTC logo (Mark Van Scyoc/Shutterstock)
CFTC Sues Alleged Crypto Ponzi Scammer for $500K Theft
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 cont...
CFTC logo (Mark Van Scyoc/Shutterstock)

dojfbi
US Arrests 3 in Alleged Crypto Mining Pool Fraud Scheme
U.S. authorities have arrested three members of BitClub Network, alleging the mining pool is a long-running Ponzi scheme.
dojfbi

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