Top Stories
Ponzi Scheme News
Top Ponzi Scheme Stories
Top Stories
Elusive ‘CryptoQueen’ may be hiding in Russia
Latest Ponzi Scheme News
Feature
Pi Coin recently hit a $12 billion market cap, but with vanishing tokens, migration failures, and Binance listing rumors swirling, is this the beginning of something big — or the start of a slow collapse? Pi Coin’s wild ride on…
Feature
From crypto queen to global fugitive: OneCoin’s Ruja Ignatova disappeared with billions, leaving a mystery still unsolved. For eight years, the world has speculated about the fate of Ruja Ignatova: the so-called “Cryptoqueen” who vanished with billions after pitching OneCoin,…
News
A Brazilian citizen appeared in U.S. District Court in Seattle following extradition from Switzerland to face $290 million Bitcoin investment fraud charges. According to the press release from the US Department of Justice, Douver T. Braga pleaded not guilty to…
BTC
Bitcoin
News
Norwegian authorities have indicted four individuals for their involvement in an extensive fraud and money laundering operation that deceived thousands of victims across multiple countries. Økokrim, Norway’s economic crime unit, revealed that over 900 million kroner ($86–87 million) was funneled…
Feature
Is Jamie Dimon’s criticism of Bitcoin justified, or is it overshadowed by JPMorgan’s blockchain investments and data showing crypto’s decreasing role in crime? Jamie Dimon fires again When JPMorgan Chase CEO Jamie Dimon speaks, the financial world pays close attention.…
News
A 51-year-old Miami resident and pastor is accused of using his pulpit to swindle unsuspecting souls into a cryptocurrency scam. According to a Jan. 8 release from the U.S. Department of Justice, a federal grand jury in the Eastern District…
News
A court in Argentina has ordered the seizure of a crypto wallet containing $3.5 million in Tether’s USDT stablecoin. The Argentine Justice Department has taken control of a $3.5 million (USDT) wallet, which is part of a larger investigation into…
USDT
Tether
News
Analyst Jacob King has labeled MicroStrategy’s Bitcoin-focused business model a “giant scam,” claiming it is unsustainable and destined for collapse. King, a contributor to the Whalewire newsletter, issued this critique of MicroStrategy in a detailed post on X. King argued…
BTC
Bitcoin
News
The Commodity Futures Trading Commission has filed a civil enforcement action against Washington State pastor Francier Obando Pinillo for allegedly operating a fraudulent multilevel marketing scheme involving digital assets. The scheme, run through entities under the ‘Solanofi’ name, targeted over…
Follow-up
According to the BBC, OneCoin founder Ruja Ignatova, AKA the “CryptoQueen,” may be laying low in Russia to dodge extradition and criminal charges.
News
Juan Tacuri has been sentenced to a maximum of 240 months for his role in the Forcount Ponzi scheme. Tacuri was a senior promoter in the Forcount Ponzi scheme that defrauded thousands of investors, primarily in Spanish-speaking communities, according to…
Feature
Chinese journalist Colin Wu released an investigation into PlusToken, one of the largest cryptocurrency Ponzi schemes in history. According to the journalist, the Chinese authorities have confiscated a large number of digital assets. The PlusToken team, led by a middle…
BTC
Bitcoin
News
A federal court has ordered Jafia LLC and its owner, Sam Ikkurty, to pay nearly $84 million to crypto investors after ruling that the firm operated a Ponzi-like scheme. The judgment, issued by Judge Mary Rowland in the US District…
News
U.S. authorities continue searching for OneCoin’s elusive founder, Ruja Ignatova, also known as “Cryptoqueen,” over a $4 billion Ponzi scheme.
News
The Enforcement Directorate (ED) of India has frozen approximately ₹32 crore ($3,830,032) in cash deposits and other assets linked to the Highrich online group. The group is under investigation for allegedly operating a crypto Ponzi scheme.
News
David Kagel has pled guilty to conspiring to operate a crypto Ponzi scheme that defrauded victims of more than $9.5 million. Disbarred 85-year old former attorney Kagel confessed to participating in a fraudulent crypto Ponzi scheme in which he and…
News
John Bigatton, a former promoter of the notorious BitConnect scheme, has pleaded guilty to criminal charges
News
Canada’s self-named ‘crypto king’ has been has been charged with $30 million fraud. According to a May 15 announcement from the Ontario Securities Commission, Two Canadian men, namely Aiden Pleterski, 25, and Colin Murphy, 27, have been charged for duping...
News
The FBI has uncovered a multi-year Ponzi scheme defrauding investors of $43 million, linked to crypto trading, with an individual now facing wire fraud charges. A Manhattan resident, Idin Dalpour, is accused by the FBI of orchestrating a multi-million-dollar Ponzi...
News
Social media influencer Jabara Igbara, commonly known as Jay Mazini, was sentenced to seven years in prison for stealing over $8 million from Muslims via a crypto fraud scheme.
News
United States District Judge Edgardo Ramos has sentenced Irina Dilkinska, the ex-head of legal and compliance for the notorious OneCoin Ponzi scheme, to four years in prison. On April 3, the U.S. Attorney’s office announced the sentencing that follows Dilkinska’s...
Learn
Explore the Bitcoin Ponzi scheme debate. Check the criticisms, Ponzi explanation, and why Bitcoin isn't one.
News
A New York District Court jury convicted two men associated with IcomTech, a company that presented itself as specializing in cryptocurrency mining and trading, of wire fraud conspiracy. The individuals, David Brend and Gustavo Rodriguez, now potentially face up to...
News
The SEC has charged 17 individuals for their involvement in a $300 million Ponzi scheme targeting predominantly Latino investors through the so-called CryptoFX LLC. The U.S. Securities and Exchange Commission (SEC) has brought charges against 17 individuals implicated in a...
News
Mark Scott, a lawyer for the OneCoin cryptocurrency pyramid, was found guilty of two criminal charges. Both are related to bank fraud and money laundering. The U.S. District Court sentenced Mark Scott to 10 years in prison. He is accused...
News
The scathing attack from John Reed Stark echoes similar sentiments made by Better Markets CEO Dennis Kelleher, who implored the SEC to reject spot Bitcoin ETF applications.
BTC
Bitcoin
News
Tether has blocked six new wallets on the Ethereum network, likely due to being linked to the Russia Finiko ponzi scheme.
USDT
Tether
News
DappBay, a web3 dApp store for users on the BNB Chain, has flagged over 100 risky decentralized applications (dapps) in its recent update.
News
Brazil's National Congress is targeting Binance CEO Changpeng Zhao and three of the firm's employees. The firm says it is cooperating extensively with the committee.
News
DFintoch ponzi scheme has collapsed, taking with it 31.6M USDT. Investors have been left frustrated as millions of assets in crypto vanish.
News
The United States Commodity Futures Trading Commission (CFTC) has ordered Cornelius Johannes Steynberg of Stellenbosch, Western Cape, South Africa, to pay $3.4 billion in restitution and a civil monetary penalty. He organized a crypto Ponzi scheme that defrauded victims in...
News
Mark Scott, the legal head of the controversial cryptocurrency project OneCoin, has been extradited to the United States to face charges of fraud, money laundering, and conspiracy to commit wire fraud, marking the latest development in the ongoing investigation into...
Opinion
Exclusive
Markets
