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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
Bitcoin scam case: ED attaches assets worth over Rs 97 cr of Raj Kundra, Shilpa Shetty
The Enforcement Directorate (ED) has attached immovable and movable properties worth Rs 97.79 crore…
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 …
2 mins read
CBI arrests 11 in ₹60,000 crore Pearls Ponzi scam
The official said that the CBI had earlier registered a Preliminary Enquiry on the directions …
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
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
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
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
3 mins read
"COVID-19 lockdown compounded our woes," say victims of IMA ponzi scam
The Central Bureau of Investigation recently sought permission from the state government to prosecu…
PTI
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
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
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
The mysterious death of a Bengaluru bureaucrat accused in a ₹4,000 crore ponzi scheme
Senior IAS officer, BM Vijay Shankar, who was accused and arrested for bribery in the ₹4,000 crore …
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…
Katie Canales
4 mins read
Common crypto scams you should know about before diving into the crypto market
Crypto scams can be as simple as phishing and fake websites, or more complex like NFT rug pulls.Cry…