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Pyramid Schemes

(Shutterstock)
Policy
Onecoin
OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison
U.S. District Judge Edgardo Ramos also ordered Greenwood to forfeit $300 million, the approximate amount he pocketed from the scheme.
(Shutterstock)
By Jamie Crawley
Sep 13, 2023 at 10:05 a.m. UTC
Sep 13, 2023
OneCoinScamsFraudCrimeRuja IgnatovaPyramid Schemes
Pyramids
Markets
News
OneCoin Claims It's Not a Ponzi or Pyramid Scheme
The OneCoin project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit a narrow definition of either.
Pyramids
By Daniel Palmer
May 17, 2019 at 3:15 p.m. UTC
May 17, 2019
NewsPonzi SchemesOneCoinPyramid Schemes
Japan police car
Markets
Crime
Police Arrest 8 Over Alleged $68 Million Crypto Pyramid Scheme in Japan
Police in Tokyo have arrested eight men alleged to have run a cryptocurrency pyramid scheme that amassed about $68.70 million.
Japan police car
By Yogita Khatri
Nov 15, 2018 at 4:00 p.m. UTC
Nov 15, 2018
CrimeScamsJapanNewsAsia PacificPoliceLegalPyramid Schemes
chinese yuan
Markets
Crime
China Prosecutes 98 Over Alleged $2 Billion OneCoin Pyramid Scheme
China has prosecuted nearly 100 individuals said to be involved with locally operating the OneCoin cryptocurrency scheme.
chinese yuan
By Wolfie Zhao
May 23, 2018 at 10:30 a.m. UTC
May 23, 2018
CrimeChinaNewsOneCoinLegalPyramid Schemes
Chinese policeman
Markets
Crime
Police Bust Alleged $13 Million Crypto Pyramid Scheme
Police in China have arrested the founders of a claimed cryptocurrency pyramid scheme that amassed $13 million from over 13,000 people.
Chinese policeman
By Wolfie Zhao
Apr 18, 2018 at 8:01 a.m. UTC
Apr 18, 2018
CrimeChinaFraudRegulationNewsAsia PacificLegalPyramid Schemes