You Searched For "Ponzi scam" and got 15 results
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5 mins read
10 financial scams that shook India: A dive into deception
From Ponzi schemes to bank frauds, the Indian government and investors have fallen victim to many f…
1 min read
Jamie Dimon calls bitcoin a 'fraud' and a 'Ponzi scheme' and says the crypto is hopeless as a currency
JPMorgan CEO Jamie Dimon just launched another scathing attack on the biggest crypto and said bitco…
Theron Mohamed
2 mins read
Founder of now-defunct BitConnect has been indicted for a $2.4 billion crypto Ponzi scheme.
BitConnect has since ceased trading and its founder, Satish Kumbhani, has been charged with a litan…
Adam Morgan McCarthy
2 mins read
Indian founder on the run in global $2.4 billion crypto ponzi scheme
A federal grand jury in San Diego last week indicted Kumbhani with orchestrating a global Ponzi …
3 mins read
A former Karnataka minister accused of a Ponzi scam may see his assets frozen soon
The state government submitted its report on Wednesday. After this rap, the state governm…
5 mins read
Here's how an accused crypto fraudster known as the 'CryptoQueen' allegedly started a $4 billion Ponzi scheme and went on the run with 230,000 bitcoin
Ruja Ignatova, the cofounder of the now-defunct OneCoin, is wanted by the FBI for allegedly running…
Will Daniel
2 mins read
The SEC busted a mother-son crypto Ponzi scheme that lured investors with an AI 'supercomputer' that promised 30% returns
Since May 2018, Joy Kovar, 86, and her son Brent Kovar, 54, raised more than $12 million from at le…
Isabelle Lee
2 mins read
3 fake pastors made $28 million in a financial literacy Ponzi scheme called '1st Millions' and tried to scrub an online article about a previous Ponzi scheme right before they were caught: DOJ
The men frequented churches, hotel galas, and upscale events to recruit at least 1,200 victims to t…
Azmi Haroun
8 mins read
It’s official: Silicon Valley’s entire business model is a scam
New research reveals that the tech industry uses predatory pricing to crush competitors and bilk in…
Adam Rogers
3 mins read
10 countries that banned cryptos calling them threats, ponzi schemes & more
As per the Law Library of Congress, a global research directorate, eight jurisdictions had an absol…
3 mins read
The Wonderland DeFi community is scandalized after a Twitter user outed an anonymous executive with ties to one of the largest crypto Ponzi schemes in history
Wonderland's token, TIME, plummeted to an all-time low of $335 Thursday, down from its November pea…
Phil Rosen
1 min read
A crypto hedge fund manager was sentenced to over 7 years in prison for running a Ponzi scheme
Stefan Qin, who lied about returns on his $90 million cryptocurrency fund and used money to fund hi…
Emily Graffeo
1 min read
ED attaches Rs 10-cr assets in 'Islamic banking' Bengaluru ponzi scam
New Delhi, Dec 13 () Assets worth over Rs 10 crore of a Bengaluru-based firm have been attached und…
PTI
2 mins read
'Dr Doom' economist Nouriel Roubini suggests FTX's rescue deal shows how crypto is a Ponzi scheme: 'Who will bail out Binance?'
Economics professor Nouriel Roubini pointed out FTX itself had been bailing out struggling companie…
Zahra Tayeb
2 mins read
Mozilla cofounder accuses the internet browser company of partnering with 'planet-incinerating Ponzi gifters' by accepting crypto donations
Jamie Zawinski tweeted "f--- you and f--- this" at Mozilla's announcement about the donations, sayi…