FBI Joins Probe Into Collapsed South African Bitcoin Ponzi Scheme – Regulation Bitcoin News
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Nigeria’s Central Bank Plans to Launch CBDC Pilot Scheme in October 2021
The Central Bank of Nigeria (CBN) is moving forward with its central bank digital currency project (CBDC) project, as the CBN will launch a digital naira pilot program later in October 2021. Nigeria Progresses With Digital Naira Initiative According to the Peoples Gazette, the CBN made the announcement while addressing stakeholders at
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Florida man escapes paying a $4.5M SEC penalty over a crypto Ponzi scheme
The founder of a multi-million crypto Ponzi scheme has escaped paying a $4.5 million penalty to the U.S. Securities and Exchange Commission. On March 23, the U.S District Court of Southern Florida initially ordered Jose Angel Aman to pay the SEC more than $4.2 million in disgorgement, and $300,000 in
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Texas securities board takes action against hoax ‘Binance’-branded scheme
Texan regulators have, for some time now, viewed cryptocurrency investment schemes as a risk to Main Street investors, and have continued to issue public warnings against possible crypto-related scams during the COVID-19 pandemic. The latest move from the Texas State Securities Board, or TSSB, is action not words — an emergency
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GemCoin Founder Sentenced to 10 Years for $147M Crypto Scheme
Gemcoin founder Steve Chen was sentenced Monday to 10 years in federal prison for defrauding tens of thousands of investors in one of the largest early cryptocurrency investment schemes.Chen, 63, admitted last February to running U.S. Fine Investment Arts (USFIA) and peddling $147 million in “gem coins” (crypto purportedly backed
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Man Gets 6 Years for $25M Diamond and Crypto Ponzi Scheme
A South Florida federal district judge sentenced a Washington, D.C., man to six years in federal prison for operating a $25 million diamond investment scheme that included a crypto component. He must also pay over $23 million in victim restitution. The accused, Jose Angel Aman, and his partners were sentenced by U.S.
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Is Mining City a Ponzi Scheme?
While performing a search on the internet, it is currently easy to find articles exploring whether Mining City
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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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