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$64,320.56-3.46%
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Ponzi

FSInsight didn't mince words when it came to characterizing 3AC's activities. (The Image Bank/Getty Images)
Finance
Three arrows capital
FSInsight Accuses Three Arrows Capital of Running a ‘Madoff-Style Ponzi Scheme’
3AC borrowed recklessly from just about every institutional lender in the business, a report from the research firm says.
FSInsight didn't mince words when it came to characterizing 3AC's activities. (The Image Bank/Getty Images)
By Will Canny
Jun 28, 2022 at 2:52 p.m. UTC
Jun 28, 2022
Three Arrows CapitalCelsiusPonziDeFi
(Shutterstock)
Policy
Fraud
CFTC Charges 2 Men With Running a $44M Crypto Ponzi Scheme
Sam Ikkurty and Ravishankar Avadhanam are accused of using YouTube videos to dupe would-be clients into investing in various crypto funds.
(Shutterstock)
By Cheyenne Ligon
May 19, 2022 at 9:55 p.m. UTC
May 19, 2022
FraudPonziCFTCCrimeRegulation
Statue of Themis holding the balance scales (Oleksandr Berezko / EyeEm)
Policy
Miners
New York Man Arrested for Alleged $1.8M Crypto Mining Scam
Authorities say 37-year-old Chet Stojanovich promised to take a customer on 31-hour road trip to see the non-existent mining equipment in Canada – and then abandoned him at th...
Statue of Themis holding the balance scales (Oleksandr Berezko / EyeEm)
By Cheyenne Ligon
Apr 21, 2022 at 6:12 p.m. UTC
Apr 21, 2022
MinersFraudPonziUSFBI
Gerald Cotten, founder and former CEO of QuadrigaCX. (Original image by Trevor Jones for CoinDesk)
Learn
Learn
The Story Behind QuadrigaCX and Gerald Cotten, Netflix’s ‘Crypto King’
As a new Netflix documentary takes on one of the most notorious crypto scandals, we outline what we know – and what is still debated – in the tale of lost millions and the per...
Gerald Cotten, founder and former CEO of QuadrigaCX. (Original image by Trevor Jones for CoinDesk)
By Toby Bochan
Mar 25, 2022 at 8:39 p.m. UTC
Mar 25, 2022
Beginner
LearnBeginnerindustryQuadrigaCXPonziCanadaGerald Cotten
Statue of Themis holding the balance scales. (Oleksandr Berezko/EyeEm via Getty Images)
Policy
Ponzi
Former CPA Pleads Guilty to Helping BitClub Architect Launder Funds in Alleged $722M Ponzi Scheme
The 57-year-old Nevada man pleaded guilty to one count of conspiracy to commit money laundering and one count of aiding in the preparation of a false tax return.
Statue of Themis holding the balance scales. (Oleksandr Berezko/EyeEm via Getty Images)
By Cheyenne Ligon
Mar 24, 2022 at 8:19 p.m. UTC
Mar 24, 2022
PonziCrimeFraudMoney LaunderingNevadaDepartment of Justice
(Getty Images)
Policy
Cftc
CFTC Brings Charges Against 4 Alleged Operators of $44M Bitcoin Ponzi Scheme
Tuesday’s charges are just the latest in the regulator's efforts to regulate the crypto industry.
(Getty Images)
By Cheyenne Ligon
Mar 8, 2022 at 8:02 p.m. UTC
Mar 8, 2022
CFTCPonziFraud
(Gregory Varnum/Wikimedia Commons)
Policy
Bitconnect
BitConnect Founder Indicted in $2.4B Ponzi Scheme Has Disappeared
Attorneys said efforts to locate Satish Kumbhani could remain unfruitful.
(Gregory Varnum/Wikimedia Commons)
By Shaurya Malwa
Mar 1, 2022 at 8:20 a.m. UTC
Mar 1, 2022
BitconnectMarketsLawPonziJustice departmentUS
Ponzi scheme inventor Charles Ponzi mugshot in 1920. (Photo courtesy Bureau of Prisons/Getty Images)
Consensus Magazine
The node
Is Crypto a Ponzi? Define 'Ponzi'
It is better for all if we can speak honestly about this industry.
Ponzi scheme inventor Charles Ponzi mugshot in 1920. (Photo courtesy Bureau of Prisons/Getty Images)
By Daniel Kuhn
Jan 18, 2022 at 8:51 p.m. UTC
Jan 18, 2022
The NodeNewslettersOpinionPonziScams
SEC
Markets
Sec
Self-Help Firm That Mostly Took Bitcoin as Payment Mostly Just Helped Itself, SEC Charges
Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars, mostly in bitcoin.
SEC
By Danny Nelson
Sep 2, 2020 at 4:40 p.m. UTC
Sep 2, 2020
SECPonziPyramid SchemeCoinFlash
South Africa, SA
Markets
South africa
Crypto Ponzi Scheme Says It Has 'No Cash to Pay out' to Upset Investors
Hundreds of locals who used to eagerly gather outside the Bitcoin Wallet office in Ladysmith, South Africa are now mobbing the office to demand their money back.
South Africa, SA
By Daniel Kuhn
Jul 8, 2019 at 5:30 p.m. UTC
Jul 8, 2019
South AfricaPonziNewsCrypto Fraud