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.
It's the city's first cracked case of an online pyramid scheme that used cryptocurrencies, according to authorities.
A warning that lumped crypto exchanges with MLMs is misguided. But it’s also an important window into regulators’ mindsets.
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.
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's public security ministry says it will take aim at pyramid schemes in the country, including those that purportedly involve cryptocurrencies.
Bulgaria's government has revealed it is part of an international crackdown of OneCoin.
The president of Brazil's central bank compared bitcoin to a financial scam, according to newly published statements.
A consumer rights watchdog in Italy is fining a group of companies that have promoted OneCoin.
A bitcoin-focused pyramid scheme appears to have targeted Buddhist meditation practitioners in Thailand, according to a local news source.