Jason Flack Pleads Guilty to Running Cryptocurrency Fraud
The scheme defrauded victims out of $194,000, 4.41 Bitcoin, 206 Litecoin, 620 Ethereum Classic, and 1,342,634 Verge coins.
Founder of Multi Billion Dollar Pyramid Scheme OneCoin Arrested
Authorities announced on Friday the arrest of one of the founders of the Bulgarian cryptocurrency business OneCoin, saying it was nothing more than a pyramid scheme designed to scam users out of their money. While crypto scams are disturbingly common, according to the US Department of Justice, prosecutors allege that this particular fraud ran into the billions.
$6.4 Million of Thai Actor’s Family Assets Seized in $24 Million Bitcoin Fraud Case
Ten months after a Finnish national filed a complaint after losing 5,564 bitcoins to fraudsters in Thailand, the family of the Thai television actor Jiratpisit ‘Boom’ Jaravijit is now the target of the country’s anti-money laundering agency in relation to the scam.