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You Searched For "crypto ponzi scheme" and got 19 results


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SEC charges 11 people for running a crypto Ponzi scheme that raised $300 million from retail investors worldwide

A defendant known as Lola Ferrari was among those who created Forsage, a website used to bilk milli…

Carla Mozée   


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'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   


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'O.C.' star and crypto critic Ben McKenzie tells lawmakers that the crypto market is the 'largest Ponzi scheme in history'

Crypto "may well represent a fraud at least 10 times bigger than Madoff," actor-turned-crypto criti…

Carla Mozée   


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Crypto firm BKCoin hit by emergency asset freeze over alleged $100 million Ponzi scheme that paid for co-founder's rent and vacations

BKCoin's co-founder was accused of spending $371,000 of investor money to pay for vacations, sporti…

Zahra Tayeb   


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Brazilian police seized $28 million in bitcoin from an alleged Ponzi scheme in the country's largest crypto seizure ever

Police also arrested five individuals and confiscated 21 luxury cars and other high-value goods rel…

Emily Graffeo   


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Binance CEO files defamation suit against Bloomberg's Hong Kong publisher following 'Ponzi scheme' headline

Zhao also filed a motion of discovery against Bloomberg LP and Bloomberg Inc., claiming the English…

Jennifer Sor   


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South African regulator says it's powerless over suspected $3.6 billion bitcoin scam, as crypto is out of its reach

South Africa's financial services watchdog said Africrypt, the company linked to the missing bitcoi…

Harry Robertson   


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The co-founder of a major crypto wallet says 'putting your money in cryptocurrencies is gambling'

Aaron Davis, co-founder of the digital wallet MetaMask, told Vice it's "extremely dangerous" to say…

Katie Canales   


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A former employee at bankrupt crypto-lender Celsius has sued the company, calling it a 'Ponzi scheme'

Jason Stone, the CEO of a firm that Celsius acquired, says the cryptocurrency lender failed to hedg…

Katie Canales   


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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 …

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'Dr Doom' Nouriel Roubini says 'literally 90% of crypto is a scam' and Sam Bankman-Fried and FTX are not outliers in the market

"Literally 90% of crypto is a scam. A criminal activity. A total real-bubble Ponzi scheme that is g…

Morgan Chittum   


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Nouriel Roubini slams Binance boss CZ as a 'walking time bomb' and says crypto is totally corrupt

Roubini also bashed Shark Tank investor Kevin O'Leary, who he called "a paid hack for FTX" at an ev…

George Glover   


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Mark Cuban to be deposed over his promotion of Voyager crypto 'Ponzi scheme' in class action lawsuit

Cuban touted Voyager on multiple occasions, previously calling the now-bankrupt crypto lender "as c…

Jennifer Sor   


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The 'head trader' of a $100 million investment fraud scheme posing as a crypto platform called EmpiresX has pleaded guilty

Joshua David Nicholas of EmpiresX pleaded guilty to conspiracy to commit securities fraud in what t…

Sam Tabahriti   


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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   


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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   


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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   


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The FBI is offering a $100,000 reward for missing Bulgarian 'Cryptoqueen' and has added her to its top 10 most-wanted list

Ruja Ignatova is wanted in connection with OneCoin, an alleged $4 billion cryptocurrency Ponzi sche…

Isobel Asher Hamilton   


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Phil Rosen