Browsing the "Pyramid Scheme" Tag

yuan, china

China Moves to Crack Down on Digital Currency Pyramid Schemes

| Stan Higgins

China's public security ministry says it will take aim at pyramid schemes in the country, including those that purportedly involve cryptocurrencies.

Bulgaria Joins ‘International Operation’ Against OneCoin

| Stan Higgins

Bulgaria's government has revealed it is part of an international crackdown of OneCoin.

Brazil Central Bank Chief Compares Bitcoin to Pyramid Scheme

| Rachel Rose O'Leary

The president of Brazil's central bank compared bitcoin to a financial scam, according to newly published statements.

OneCoin Promoters Fined €2.6 Million by Italian Consumer Watchdog

| Stan Higgins

A consumer rights watchdog in Italy is fining a group of companies that have promoted OneCoin.

Buddhist Monks Said to Be Targeted by Bitcoin Pyramid Scheme

| Wolfie Zhao

A bitcoin-focused pyramid scheme appears to have targeted Buddhist meditation practitioners in Thailand, according to a local news source.


India is Cracking Down on OneCoin

| Stan Higgins

Reports are emerging that authorities in India are undertaking a broad crackdown on OneCoin.

hands jail

Digital Currency Pyramid Scheme Operators Jailed in Spain

| Yessi Bello Perez

A Spanish court has remanded in custody the alleged operators of a pyramid scheme that used a fake digital currency called ‘unete’.…


Police Arrest 20 in Digital Currency Pyramid Scheme

| Stan Higgins

Spanish police have arrested 20 individuals in connection with a pyramid scheme that used a fake digital currency called the unete.