pyramid scheme

Policy

Doj

Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; ‘CryptoQueen’ Still Wanted

Karl Greenwood has admitted to federal wire fraud and money laundering charges in the $4 billion OneCoin scam, the U.S. Department of Justice says.

By Jesse Hamilton

Sponsored

Dec 16, 2022 at 7:13 p.m. UTC

Dec 16, 2022

DOJSouthern district of new yorkOneCoinUSFraudPyramid Scheme

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Layer 2

Onecoin

The Missing CryptoQueen Has Friends in (Very) High Places

With evidence of complicity at the very highest levels of government, the BBC’s years-long investigation into the OneCoin pyramid scheme returns.

By David Z. Morris

Sponsored

Nov 2, 2022 at 4:12 p.m. UTC

Nov 2, 2022

OneCoinFraudUnited Arab EmiratesPyramid SchemeThe NodeNewslettersOpinion

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Business

No-livewire

Policía brasileña emite órdenes de arresto contra el presunto líder de un esquema piramidal de US$767 millones

Francisley Valdevino da Silva, conocido como el “jeque de las criptomonedas”, tiene 20 órdenes de incautación en su contra.

By Paulo Alves

Sponsored

Oct 7, 2022 at 7:39 p.m. UTC

Oct 7, 2022

no-livewireBrazilPyramid SchemeArrest

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Business

Brazil

Brazilian Police Issue Warrants Against Alleged Leader of $767M Crypto Pyramid Scheme

Francisley Valdevino da Silva, known as the "cryptocurrency sheik," has 20 seizure warrants against him.

By Paulo Alves

Sponsored

Oct 7, 2022 at 5:35 p.m. UTC

Oct 7, 2022

BrazilPyramid Scheme

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Layer 2

Opinion

How to Stop Forsage, Meta Force and Other Smart Contract Pyramid Schemes

An SEC indictment notwithstanding, it's not easy to taking down online pyramid schemes, says our columnist. Here are some ideas.

By JP Koning

Sponsored

Aug 8, 2022 at 5:00 p.m. UTC

Aug 8, 2022

OpinionPonziSECPyramid Scheme

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Policy

Fraud

N.Y. Man Arrested, Charged With Fraud for Alleged Role in $59M Crypto Pyramid Scheme

The FBI says Eddy Alexandre promised investors he could double their money with a “robo-adviser” – and then spent their money on luxury cars and business expenses.

By Cheyenne Ligon

Sponsored

May 12, 2022 at 9:44 p.m. UTC

May 12, 2022

FraudFBIPyramid SchemeNew YorkCrypto

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Policy

China

Shanghai Police Bust $16M Crypto Pyramid Scheme

It's the city's first cracked case of an online pyramid scheme that used cryptocurrencies, according to authorities.

By Eliza Gkritsi

Sponsored

Mar 15, 2022 at 12:30 p.m. UTC

Mar 15, 2022

ChinaScamsPyramid SchemeShanghaiCrypto

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Markets

Pyramid scheme

The FTC Doesn’t See the Difference Between Crypto and LuLaRoe

A warning that lumped crypto exchanges with MLMs is misguided. But it’s also an important window into regulators’ mindsets.

By David Z. Morris

Sponsored

Oct 27, 2021 at 5:37 p.m. UTC

Oct 27, 2021

Pyramid SchemeFraudInvestingBlockchainGeminiOpinion

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Policy

Brazil

Congreso de Brasil tratará un proyecto de ley que regula a exchanges de criptomonedas

La legislación obligaría a las empresas del sector a mantener un registro más estricto de sus transacciones y clientes, y crearía penas más severas para delitos realizados con criptomonedas.

By Andrés Engler

Sponsored

Oct 6, 2021 at 8:01 p.m. UTC

Oct 6, 2021

BrazilPolicyCongressPyramid SchemeExchange-Traded Products

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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.

By Danny Nelson

Sponsored

Sep 2, 2020 at 4:40 p.m. UTC

Sep 2, 2020

SECPonziPyramid SchemeCoinFlash

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