#ponzi scheme

Crypto Ponzi scheme ends with record Bitcoin seizure in London

Crypto Ponzi scheme ends with record Bitcoin seizure in London

London’s Metropolitan Police and a London court have capped a years‑long case now billed as the largest cryptocurrency seizure on record. In the dock is 47‑year‑old Chinese national Zhimin Qian (aka Yadi Zhang).

Iaroslava Kramarenko 30 Sept 2025

86-Year-Old Hospice Patient Masterminds Ponzi Scheme! David Kagel, a retired American lawyer, was sentenced to five years in prison for operating a Ponzi scheme. In May 2024, Kagel admitted to conspiracy charges and has now received his formal sentence.

9 Oct 2024

SEC Continues to Crack Down on Fraudsters from CryptoFX

SEC Continues to Crack Down on Fraudsters from CryptoFX

The U.S. Securities and Exchange Commission (SEC) has charged an additional 17 managers connected to the cryptocurrency platform CryptoFX, accusing them of orchestrating a $300 million Ponzi scheme. This action comes 18 months after the SEC banned CryptoFX's operations and accused its founders of fraud.

15 Mar 2024

Hacked Lending Pool BigWhale Discloses its Ties with Russia

Hacked Lending Pool BigWhale Discloses its Ties with Russia

BigWhale.io drew the attention of U.S. financial watchdogs, amid suspicions of running a classic Ponzi scheme. However, the unfolding reality proved even more alarming.

Iaroslava Kramarenko 9 Oct 2023

The Largest Financial Pyramids in Cryptocurrency History

The Largest Financial Pyramids in Cryptocurrency History

A financial pyramid, otherwise known as a Ponzi scheme, is a prevalent investment scam favored by fraudsters.

Yuliia Rokytska 12 Jun 2023

SHIB veteran Steeven Cooper washed some dirty linen in public

SHIB veteran Steeven Cooper washed some dirty linen in public

Cooper, who used to be involved in the Shiba Inu project, and is now the CEO of record label Bigger Entertainment, claims that the SHIB is a huge Ponzi scheme.

GNcrypto 24 Jan 2023

IcomTech and Forcount accused of operating a Ponzi scheme

IcomTech and Forcount accused of operating a Ponzi scheme

Damian Williams continues to hunt for crypto scammers. The next defendants were the founders and employees of investment companies IcomTech and Forcount. They face imprisonment for fraud, money laundering, and making false statements.

Kateryna Salnichenko 20 Dec 2022

BBC journalists found out where OneCoin money disappeared

BBC journalists found out where OneCoin money disappeared

OneCoin CEO Ruja Ignatova convinced millions of people to join her Ponzi scheme. She then disappeared along with the money. Who is behind the scam of the century and who is the ultimate beneficiary?

Iaroslava Kramarenko 6 Nov 2022

What is a HEX token, and how does it work?

What is a HEX token, and how does it work?

There are many mixed opinions about HEX. Some believe the numbers don’t lie. Some see a clear example of the usual Ponzi scheme. But since its creation, the token is still afloat and has attracted much interest.

Oleksii Haiduchyk 4 Sept 2022

Praetorian Group CEO admits $200M Bitcoin fraud

Praetorian Group CEO admits $200M Bitcoin fraud

Ramil Ventura Palafox, CEO of Praetorian Group International (PGI), pleaded guilty in Virginia to fraud and money laundering charges linked to a $200 million Bitcoin Ponzi scheme that defrauded at least 90,000 investors.

Sebile Fane 18 Sept 2025

Forcount Evangelist to Stand Trial

Forcount Evangelist to Stand Trial

Juan Tacuri has pleaded guilty to promoting the Forcount crypto Ponzi scheme and misleading investors.

6 Jun 2024

Blast Airdrop: A Ponzi Scheme or a Legit Opportunity?

Blast Airdrop: A Ponzi Scheme or a Legit Opportunity?

Blast is an Ethereum L2 network with a native yield system for ETH and stablecoins. It uses Optimistic Rollup technology and is compatible with the Ethereum Virtual Machine (EVM).

Dmytro Psevdonimenko 30 Nov 2023

OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison

OneCoin Co-Founder Karl Greenwood Sentenced to 20 Years in Prison

OneCoin stands as one of the largest fraud schemes in history. Using multilevel marketing and a Ponzi scheme, the fraudsters extracted $4 billion from unsuspecting victims.

GNcrypto 13 Sept 2023

What Is a Ponzi Scheme?

What Is a Ponzi Scheme?

Reports about yet another cryptocurrency venture being implicated in a Ponzi scheme continue to emerge repeatedly. But what exactly is this scheme, how did it originate, and how does it differ from a pyramid scheme? Let's delve into these questions.

Yuliia Rokytska 7 Jun 2023

OneCoin co-founder pleads guilty. “Cryptoqueen” still wanted

OneCoin co-founder pleads guilty. “Cryptoqueen” still wanted

As a rule, it is a bad sign when you call your investors “idiots” and your coin – “trashy”. Unless you are running a Ponzi Scheme like Karl Greenwood and Ruja Ignatova, the co-founders of OneCoin, with Greenwood pleading guilty to three counts.

GNcrypto 20 Dec 2022

Insta influencer profited from a Ponzi scheme and a crypto scam

Insta influencer profited from a Ponzi scheme and a crypto scam

Instagram star Jay Manzini is a scammer. The young man, whose real name is Jebara Igbara, pleaded guilty to organizing fraudulent schemes and misappropriating more than $8 million.

Kateryna Salnichenko 9 Nov 2022

Celsius Accused of Being a Ponzi Scheme Yet Again

Celsius Accused of Being a Ponzi Scheme Yet Again

Is Celsius a Ponzi scheme? Well, we are about to find out.

Lesia Dubenko 5 Nov 2022

Zhao will prove in court that Binance is not using a Ponzi scheme

Zhao will prove in court that Binance is not using a Ponzi scheme

Is Binance in trouble again? Hong Kong publisher Modern Media issued the headline “Changpeng Zhao’s Ponzi Scheme”. CZ responded by filing a libel suit.

Alex Panasenko 27 Jul 2022

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