The modern financial system is a debt-based pyramid scheme and an investment- based Ponzi Scheme with extra steps. Meme Image from Rick and Morty(8/30/2015)...
Former director and promoter of the BitConnect Ponzi scheme, Glenn Arcaro, pled guilty on Wednesday in federal court to fraud charges. His participation in a massive conspiracy involving the crypto exchange defrauded investors of over $2 billion. The United States Department of Justice, Southern District of California,...
Spence,24, solicited investors through Telegram and Discord to invest in a series of crypto hedge funds
The scheme defrauded around 70,000 investors spanning across the globe.
Chairez was charged for her activities as an unregistered broker.
The scheme has defrauded 2.6 million investors of over $11 billion.
44-year-old Matthew Piercey is up against multiple charges connected to two crypto-related Ponzi scheme firms.
Linked to the potentially fraudulent HEX Project, Axion promised to be the most profitable blockchain of its kind -- but it didn't deliver. Despite claims that five different auditors cleared the code, an alleged exploit just sunk the price by 100%. HEX Airdrop Axion Fails to Launch Axion...
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