OneCoin Crypto Ponzi Scheme Used Fake Reviews to Improve Its Image
Research conducted by the Digital Forensic Research Lab (DFRLab) of the Atlantic Council think tank suggests that the infamous cryptocurrency-themed Ponzi scheme OneCoin used fake reviews on TrustPilot and Quora to lure investors.
30 JANUARY 2020
Singapore’s Regulator Warns of New Scam Bitcoin Investment Scheme
Singapore's central bank and financial watchdog issued an official warning, stating that the agency has become aware of a website that invited online users to invest in Bitcoin via an article containing falsified claims.
31 JULY 2019
Protestors Set Alleged Bitcoin Ponzi Scheme Perpetrator’s Home on Fire
Protestors set fire to paramedic-turned-bitcoin entrepreneur Sphelele “Sgumza” Mbatha’s home, following the collapse of his Ponzi-like “investment scheme,” according to Ladysmith Gazette.
12 JULY 2019
Hong Kong Investment Guru Lures Investors into HK$6.9 Million Crypto Ponzi Scheme
Hong Kong-based stock market commentator Raymond Yuen has been indicted for misleading web users into investing into a Crypto Mining Ponzi Scheme.
5 NOVEMBER 2018
Judge Orders Trading Firm, CEO to Pay $2.5 Million in Bitcoin Ponzi Case
The Commodity Futures Trading Commission has won a legal battle against a New York resident and his company for running a Ponzi scheme centered around bitcoin.
19 OCTOBER 2018
Indian Authorities Round up on Bitcoin Scammer’s Properties Worth $60 Million
The Directorate of Enforcement (ED) attached $60 million worth of assets in connection with its probe against Amit Bhardwaj in the alleged Bitcoin Ponzi fraud of $5.26 billion.
24 SEPTEMBER 2018
One of the most popular Ethereum apps sure looks like a Ponzi scheme
One of the most popular apps built on the Ethereum blockchain, a so-called DApp, is promising users a guaranteed fixed daily return on their investments. And all the would be crypto-rich have to do is put in a bunch of cryptocurrency up front, then sit back and wait for the rewards to come pouring in. Assuming new people keep following suit, that is.
16 SEPTEMBER 2018
CEO Behind GAW Miners, PayCoin Ponzi Scheme Sentenced to 21 Months in Prison
Homero Joshua Garza, the CEO of the now-defunct U.S. crypto firm GAW Miners, has been sentenced to 21 months in prison for defrauding investors, local news agency Hartford Business reports Thursday, September 13.
14 SEPTEMBER 2018
YouTube Added as Defendant in Class Action Lawsuit Against BitConnect
According to court documents filed July 3, YouTube has been added as a defendant in a class action lawsuit against BitConnect.
6 JULY 2018
‘Stop Trying to Create Money!’: BIS Chief Carstens on Cryptocurrency
“Those crazy kids and their bitcoins, when will they ever learn?”
5 JULY 2018
