Tag: ponzi schemes

Jan 27 2021

South African Regulator Seeks More Crypto Powers After Alleged Ponzi’s Collapse

“At the point something becomes a Ponzi scheme, we have lost our jurisdiction,” a regulator told Bloomberg.

Jan 11 2021

GemCoin Founder Sentenced to 10 Years for $147M Crypto Scheme

The judge scheduled a restitution hearing for victim investors this summer.

Dec 09 2020

Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme

Jose Angel Aman, charged with operating the fraudulent investment scheme, was sentenced to serve six years in federal prison and pay over $23 million in victim restitution by a federal court in Florida.

Nov 30 2020

US Justice Department Extradites Alleged Co-Founder of Crypto Ponzi Scheme From Panama

Nov 30 2020 Published at CoinDesk under tags  doj extradition news ponzi schemes

The accused, Gutemberg Dos Santos, has been charged in an indictment and was extradited from Panama on Nov. 25.

Nov 27 2020

Chinese Authorities Have Seized a Massive $4 Billion in Crypto From PlusToken Scam

Nov 27 2020 Published at CoinDesk under tags  china coinflash crime news plustoken

Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China.

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