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

The U.S. Department of Justice (DOJ) has extradited the man accused of being one of the co-founders of the global cryptocurrency Ponzi scheme AirBit Club. The Acting U.S. Attorney for the Southern District of New York, Audrey Strauss, said Monday the accused, Gutemberg Dos Santos, was extradited from Panama last week. Along

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Chinese Authorities Seize Over $4.2B Worth of Digital Assets from PlusToken Ponzi Scheme

The PlusToken Ponzi scheme is reported to have begun back in May 2018 and advertised a non-existent crypto arbitrage trading platform. Chinese law enforcement has seized cryptocurrencies worth over $4.2 billion from the PlusToken Ponzi scheme. Apparently, a total of 194,775 BTC, 833,083 ETH, 1.4 million LTC, 27.6 million EOS, 74,167

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FinCEN Reveals How BNY Mellon Processed $137M for OneCoin Ponzi Scheme

Within the framework of the OneCoin scheme, the transactions moved a total of $137 million to international bank accounts.Thousands of “suspicious activity reports” commonly referred to as SARs and other U.S, government documents that were leaked by an investigative media outlet, BuzzFeed news, indicate that in February 2017, the Bank

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Federal Jury Indicts Three Accused of Posing as Pastors in Alleged $28M Ponzi Scheme

Three men accused of passing themselves off as pastors to get churchgoers and other investors to put money into what prosecutors say was a $28 million Ponzi scheme have been indicted by a federal jury in Maryland.  According to the indictment unsealed on Friday, Denni Jali, a South African citizen who

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