pyramid scheme

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.

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.


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.

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


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.

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


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.

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.


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.

Ninety-two percent of Mindset 24 investors allegedly lost some of their funds. They'd paid in over a million dollars, mostly in bitcoin.


China Moves to Crack Down on Digital Currency Pyramid Schemes

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

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

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

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


Brazil Central Bank Chief Compares Bitcoin to Pyramid Scheme

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

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

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

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

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

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