Ponzi scheme

The scheme's founders and promoters promised victims their money would be invested in a lucrative mining operation, but instead spent funds on cars, jewelry and luxury homes.

By Cheyenne Ligon

Mar 8, 2023 at 10:01 p.m. UTC

Mar 8, 2023

PonziPonzi scheme

CFTC Charges California Firm and CEO With Fraud, Misappropriation of Digital Assets

The commission alleges the defendants fraudulently solicited over $7 million worth of bitcoin and ether and misappropriated some of the funds in a Ponzi scheme.

By Nelson Wang

Feb 16, 2023 at 8:49 p.m. UTC

Feb 16, 2023

CFTCPonzi schemeCalifornia

Brazilian flag flying over the downtown and waterfront of Salvador (Getty Images)

2 More Promoters of Forcount Crypto Ponzi Scheme Arrested, Charged With Fraud

One of the men charged, 64-year-old Spanish citizen Nestor Nunez, was allegedly an actor paid to present himself as the CEO of Forcount using the alias “Salvador Molina.”

By Cheyenne Ligon

Jan 6, 2023 at 10:38 p.m. UTC

Jan 6, 2023

RegulationsBrazilCrimePonzi scheme

No, Advisors, Crypto Is Not a Ponzi Scheme

While the FTX debacle has many Ponzi-like characteristics, most cryptocurrencies don't resemble the infamous schemes.

By Christopher Robbins

Dec 29, 2022 at 1:45 p.m. UTC

Dec 29, 2022

Crypto for AdvisorsNewslettersOpinionPonzi schemeCrypto

An indictment was unsealed against OneCoin co-conspirator Frank Schneider this week. (Sasun Bughdaryan/ Unsplash)

OneCoin Co-Conspirator Frank Schneider Faces Money-Laundering Charges

The charges were revealed in an indictment that was unveiled this week.

By Camomile Shumba

Dec 7, 2022 at 2:18 p.m. UTC

Dec 7, 2022

CryptoOneCoinFraudPonzi schemeMoney Laundering

Ohio Investment Manager Arrested for Allegedly Running a $10M Cryptocurrency Ponzi Scheme

The U.S. CFTC had previously taken legal action against the man.

By Nelson Wang

Nov 18, 2022 at 10:27 p.m. UTC

Nov 18, 2022

Ponzi schemescamUS

SEC Charges Trade Coin Club Founding Members With Operating a $295 Million Ponzi Scheme

The multi-level marketing organization raised over 80,000 bitcoin from 100,000 investors.

By Cam Thompson

Nov 4, 2022 at 7:23 p.m. UTC

Nov 4, 2022

SECPonzi scheme

BBC Investigation Reveals New Details About OneCoin Pyramid Scheme

A long-term BBC investigation has discovered OneCoin, which fraudulently branded itself as a cryptocurrency, received significant support from high-ranking government leaders in both the United Arab Emirates and Bulgaria. "The Hash" hosts discuss the latest in one of the biggest Ponzi schemes of all time.

By CoinDesk Inc

Nov 3, 2022 at 5:08 p.m. UTC

Nov 3, 2022

cdtvHash clipUnited Arab EmiratesPonzi schemeOneCoinBbcBulgaria

Markets

No-livewire

Cómo identificar y protegerte de estafas piramidales realizadas con criptomonedas

Las historias de personas que pasaron de “mendigos a millonarios” gracias a las inversiones con criptomonedas pueden llevar a muchos a participar en nuevos proyectos que prometen recompensas que parecen “muy buenas para ser ciertas”.

By Jackson Wood

Oct 25, 2022 at 5:43 p.m. UTC

Oct 25, 2022

no-livewirePonzi schemePonzicryptocurrencies