pyramid scheme

Ruja Ignatova and Sebastian Greenwood (OneCoin)
Co-Founder of OneCoin Pyramid Scheme Pleads Guilty; ‘CryptoQueen’ Still Wanted
Karl Greenwood has admitted to federal wire fraud and money laundering charges in the $4 billion OneCoin scam, the U.S. Department of Justice says.
Ruja Ignatova and Sebastian Greenwood (OneCoin)

CDCROP: Dr. Ruja Ignatova
The Missing CryptoQueen Has Friends in (Very) High Places
With evidence of complicity at the very highest levels of government, the BBC’s years-long investigation into the OneCoin pyramid scheme returns.
CDCROP: Dr. Ruja Ignatova

CDCROP: Brazilian flag (Getty Images)
Policía brasileña emite órdenes de arresto contra el presunto líder de un esquema piramidal de US$767 millones
Francisley Valdevino da Silva, conocido como el “jeque de las criptomonedas”, tiene 20 órdenes de incautación en su contra.
CDCROP: Brazilian flag (Getty Images)

CDCROP: Brazilian flag (Getty Images)
Brazilian Police Issue Warrants Against Alleged Leader of $767M Crypto Pyramid Scheme
Francisley Valdevino da Silva, known as the "cryptocurrency sheik," has 20 seizure warrants against him.
CDCROP: Brazilian flag (Getty Images)

CDCROP: Lado Okhotnikov (Forsage)
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.
CDCROP: Lado Okhotnikov (Forsage)

EmeniFX
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.
EmeniFX

Shanghai (Freeman Zhou/Unsplash)
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.
Shanghai (Freeman Zhou/Unsplash)

LuLaRoe founders Mark and Deanne Stidham. LuLaRoe and other MLMs were among 1,100 companies warned by the FTC against overstating the earning potential of its offerings – alongside several cryptocurrency exchanges. (Amazon Studios)
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.
LuLaRoe founders Mark and Deanne Stidham. LuLaRoe and other MLMs were among 1,100 companies warned by the FTC against overstating the earning potential of its offerings – alongside several cryptocurrency exchanges. (Amazon Studios)

Bandera de Brasil (Mateus Campos Felipe/Unsplash)
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.
Bandera de Brasil (Mateus Campos Felipe/Unsplash)

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.
SEC