Tag: Ponzi Scheme

Bitcoin Ponzi Scheme

$68 Million Japanese-Based Bitcoin Ponzi Scheme Results in 8 Arrests

The crypto-friendly nation of Japan has once again hit the news for all the wrong reasons, with reports suggesting that 8 individuals have been arrested for their involvement in a...

/ November 16, 2018 / 0 Comments
CTFC Crypto

Court Slaps Bitcoin Hedge Fund and CEO with $2.5 Million Fine for Ponzi Scheme

Cryptocurrency hedge fund Gelfman Blueprint, Inc. (GBI) and its CEO Nicholas Gelfman have been convicted for floating a fraudulent Ponzi scheme. They were both ordered by a New York federal...

/ October 22, 2018 / 0 Comments
Josh Garza

Joshua Garza Founder of GAW Miners: Sentenced to 21 Months in Prison

Greed just leads to trouble – several people in the crypto space can attest to this. One man, Homero Joshua Garza, who’s company has been accused of running a cryptocurrency...

/ September 18, 2018 / 0 Comments
NSAA Operation Cryptosweep

Operation Cryptosweep Targets US Crypto Projects En Masse

A major anti-crypto operation known as "Operation Cryptosweep" is making some major waves. Organized by the North American Securities Administrators Association, the goal of the project is to target a...

/ August 31, 2018 / 0 Comments
BitConnect Class-Action Lawsuit

BitConnect Class-Action Lawsuit Grows: Adds YouTube as Defendant

The BitConnect class action lawsuit just got a new defendant - YouTube. According to a court document that was shared by Coindesk, the lawsuit has been recently updated to include...

/ July 7, 2018 / 1 Comment
Carlos Matos

Infamous Bitconnect Spokesperson Carlos Matos has Resurfaced, Promotes Weight Loss

Infamous former BitConnect spokesperson Carlos Matos has resurfaced on the Internet. He was last seen just a few days ago doing a YouTube live stream about his attempts to gain...

/ June 18, 2018 / 0 Comments
Crypto Ponzi Watch

Crypto Ponzi Watch: “Real Estate” Company Offers 1% Per Day – Suspicious?

Would you believe it if someone told you that you could turn $1000 into $3650 in one year, every year, absolutely guaranteed? What about turning $10,000 into $36,500? Odds are...

/ June 1, 2018 / 20 Comments
BitConnect Ponzi Scheme

BitConnect – Is it A Ponzi Scheme?

2017 turned out to be a very important year for the cryptocurrency world. Not all developments, however, were positive ones. Last year saw many large Ponzi scheme‘s come and go....

/ January 9, 2018 / 0 Comments