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Tag: Ponzi Scheme

News Fix: Crypto Bear Market Edition

We’ve made it to the dog days of summer. The crypto markets haven’t exactly been hot — in fact, they’ve been pretty cold for...

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Celsius accused of fraud in lawsuit by former money manager

A former Celsius contractor has filed a lawsuit against the troubled crypto lender, accusing the firm of mismanagement and fraud—claiming it is owed money...

Don’t Fall For Crypto Scams: Five Signs of Crypto Ponzi Schemes

Share some Bitpinas love:Scams and schemes are available in anything that relates to monetary gains, this includes cryptocurrencies. There are dishonest activities out there...

Mining Capital Coin CEO Indicted for Masterminding $62M Crypto Ponzi Scheme

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Mining Capital Coin CEO Luiz Capuci Jr is indicted Friday for orchestrating a scam that defrauded investors around the world of about $62 million, according to the U.S. Department of Justice (Read More)

Every bank will become a bitcoin bank

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Tag Template - News Hub PROFor years banks around the world worried that regulating cryptocurrencies would legitimize them and pose a threat to the existing financial system. So they tried to kill bitcoin calling it a fraud, a Ponzi scheme, a vehicle for money launderers and terrorists to fund their activities. While in September 2017, Jamie Dimon, JPMorgan’s CEO, called […]

The post Every bank will become a bitcoin bank appeared first on Daily Fintech.

SEC Issues Advisory Against AlgoSCALP’s “Enticing” Investment Scheme

The firm uses “scalping”—a trading style that specializes in profiting off of small price changes and making fast profit from reselling.

The post SEC Issues Advisory Against AlgoSCALP’s “Enticing” Investment Scheme appeared first on BitPinas.

Indian Crypto Investors are likely to face heat over non-payment of Taxes

There is a bad news for high value crypto investors who have refrained from paying taxes over their investment gain. According to Economic Times (ET) report, India’s income tax department has started probing nearly 700 high value crypto investors on the ground of non-payment of tax. The IT department has already started working on issuing [...]

The post Indian Crypto Investors are likely to face heat over non-payment of Taxes appeared first on Platform to Showcase Innovative Startups and Tech News.

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Degen Who Slammed Terra as ‘Ponzi’ Dares Founder to Bet $1M on LUNA — and He Did

Terra's founder and a leading critic are squaring off with a $1M bet on LUNA.

Sibling Pair Charged with Illegal Sales of Ormeus Coin

Early last week, authorities in the United States filed criminal and civil charges against a crypto executive and his sister for allegedly defrauding investors out of millions of dollars with the help of a little token called Ormeus Coin. Ormeus Coin – A Tool for Evil? John Barksdale and his sibling JonAtina are accused of...

The post Sibling Pair Charged with Illegal Sales of Ormeus Coin appeared first on Live Bitcoin News.

BitConnect Mastermind Indicted for $2.4 Billion Scam – But Authorities Can’t Find Him

Satish Kumbhani, the founder of BitConnect, thought to be the biggest crypto-related Ponzi scheme of all time, is nowhere to be found. Kumbhani, an Indian citizen, was indicted last week for misleading US investors about BitConnect’s purported “Lending Program.” “As alleged in the indictment, however, BitConnect operated as a Ponzi scheme by paying earlier BitConnect […]

The post BitConnect Mastermind Indicted for $2.4 Billion Scam – But Authorities Can’t Find Him appeared first on Coin Bureau.

The SEC Is Unable To Locate Founder Of BitConnect – Satish Kumbhani

The SEC is unable to locate the founder of the BitConnect platform Satish Kumbhani who is being sued for raising funds and scamming investors out of $2 billion so let’s read furhter in today’s latest crypto news. The Bitconnect founder is being sued for defrauding investors out of $2 billion and launching a Ponzi Scheme […]

‪BitConnet’s CEO Flees India After Crackdown Of $2.4 Billion Crypto Ponzi Scheme

The long-standing crypto fraud case against BitConnect, its founder, and promoters is yet to be resolved. The SEC has revealed that Satish Kumbhani, the founder of the crypto exchange, is nowhere to be found. The SEC is searching for BitConnect’s indicted founder In a recent court filing, SEC attorney Richard Primoff stated that Kumbhani has

The post ‪BitConnet’s CEO Flees India After Crackdown Of $2.4 Billion Crypto Ponzi Scheme appeared first on CoinGape.

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