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Divyesh Darji, the head of BitConnect India and the alleged kingpin of a cryptocurrency scam that duped investors out of billions of dollars, was arrested on Saturday by the Gujarat Criminal Investigation Department (CID) at the Delhi airport. Inspector P G Narwade of CID crime of the Gujarat police said...
Ho Chi Minh City-based company Modern Tech has gone dark after allegedly deceiving 32,000 people into investing an estimated VND15 trillion (US$660 million) into two fake cryptocurrency projects. Dozens of disgruntled investors gathered in front of Modern Tech’s headquarters in the business district of Ho Chi Minh City on Sunday,...
The U.S. Commodity Futures Trading Commission (CFTC) has filed a federal civil enforcement action against Gelfman Blueprint, Inc., a New York corporation, and Nicholas Gelfman, its CEO and head trader, charging them with fraud, misappropriation, and issuing false account statements in connection with solicited investments in bitcoin. According to the...
Earlier this year, a connection between the relatively new bitcoin mining pool GBMiners and India-based, bitcoin-focused Ponzi scheme GainBitcoin was discovered by CoinJournal. The fallout from this discovery has now led to GBMiners’s software vendor, Darwin Labs, ending their relationship with the bitcoin mining pool. Back when the connection...
Investors have been warned by the Chinese Government about MMM Global and MMM China. The Chinese government believe that those schemes -- and sites like them -- are illegal. This news comes to us from Chinese media site Caixin . What Is MMM? MMM Global is run by convicted Russian fraudster Sergey Mavrodi who served over...