pyramid scheme

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

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Markets

Crime

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.

By Stan Higgins

Sponsored

Jan 22, 2018 at 5:00 p.m. UTC

Jan 22, 2018

CrimeChinaRegulationNewsPyramid SchemeOneCoinLegal

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Markets

Crime

Bulgaria Joins 'International Operation' Against OneCoin

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

By Stan Higgins

Sponsored

Jan 19, 2018 at 6:15 p.m. UTC

Jan 19, 2018

CrimeFraudRegulationNewsPyramid SchemeOneCoinLegal

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Markets

Brazil

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.

By Rachel-Rose O'Leary

Sponsored

Oct 17, 2017 at 5:45 p.m. UTC

Oct 17, 2017

BrazilCentral BankNewsPyramid SchemeCentral BankingLegal

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Markets

Europe

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.

By Stan Higgins

Sponsored

Aug 14, 2017 at 8:40 p.m. UTC

Aug 14, 2017

EuropeItalyRegulationNewsPyramid SchemeOneCoinLegal

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