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Tag: Ponzi Scheme

ATC Brokers Entangled in Legal Tussle Involving $78M Suspected Ponzi Scheme

The case involving Oasis, a $78 million Ponzi Scheme that masqueraded as a forex exchange investment fund, took a new turn after the court reversed the...

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Delhi High Court Cracks Down on Accounts Impersonating Peak XV, Sequoia Capital – Fintech Singapore

by Fintech News Singapore January 30, 2024 The Delhi High Court has mandated major social media platforms, including Telegram, WhatsApp, and YouTube, to dismantle accounts linked...

HyperVerse’s Alleged Ponzi Scheme Raked in Nearly $2B, Hired Actor as Fake CEO

The SEC lawsuit alleges that Sam Lee, an Australian founder who lives in the United Arab Emirates, and Brenda "Bitcoin Beutee" Chunga, a promoter...

OneCoin lawyer sentenced to 10 years in prison over laundering $400 million

In a landmark judgment, Mark Scott, formerly a high-ranking lawyer at Locke Lord LLP, received a 10-year prison sentence on Jan. 25 for laundering...

Estonia Approves Extradition in Major $575 Million Crypto Fraud Case

In an unexpected twist, Estonia has decided to extradite two nationals accused of masterminding a colossal $575 million cryptocurrency Ponzi scheme. This development is...

The National Debt Of The United States Is A Ponzi

Repetitive National Debt of the United States NewsThe national debt of the United States news is old news. It has long been a subject...

What is Recharging and Tasking Scam: SEC Warns Anew | BitPinas

The Securities and Exchange Commission (SEC) has issued a warning about an emerging scam known as “recharging and tasking scam,” wherein fraudsters use fake...

Mangofarm Scandal: Solana’s Blockchain Ensnared in Alleged Ponzi Scheme Ties

The Solana blockchain project, Mangofarm, gets embroiled in a controversy reminiscent of the notorious Banana Miner Ponzi scheme. This development throws a spotlight on...

SEC Advises Public Against 9 Illegal Investment Schemes | BitPinas

The Securities and Exchange Commission (SEC) has issued nine public advisories since October 25 against entities that have engaged in unauthorized solicitation of investments...

AI Crypto Scam Duo Indicted for $25M Ponzi Scheme

The United States Department of Justice (DOJ) has indicted David Gilbert Saffron, an Australian national, and Vincent Anthony Mazzotta Jr., a resident of Los...

Australian and Los Angeles Residents Charged in $25 Million AI Crypto-Trading Ponzi Scheme

The U.S. Department of Justice has indicted David Gilbert Saffron, an Australian national, and Vincent Anthony Mazzotta Jr., a resident of Los Angeles, for...

Dec. 2023: Binance, 3 More Entities Flagged by SEC as Illegal Investment Scheme | BitPinas

The SEC has named OCTAFX / OCTA TRADING, BINANCE, KITO-KIKO VARIETY SHOP/KITO-KIKO INCORP., and HOUSE OF FOREX / H. FLORES BUSINESS CONSULTANCY SERVICES as...

Accused Estonian Crypto Fraudsters Might Not Get Extradited to the US

A circuit court in Estonia overturned a previous ruling allowing the extradition of two Estonian citizens charged with cryptocurrency fraud and money laundering to...

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