US Seizes $24M in Crypto as Part of Brazilian Probe of $200M Fraud Scheme
The seizure was made after a request from Brazil for help with a large cryptocurrency fraud scheme. Source
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Scheme
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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Prosecutors Detail Russians’ Crypto Phishing Scheme in Forfeiture Suit
The two Russians who were sanctioned earlier this week by the U.S. Treasury Department on accusations of being crypto thieves allegedly got their millions through market manipulation and phishing. Prosecutors detailed Danil Potekhin and Dimitrii Karasavidi’s alleged heists, victims and target exchanges in a 30-page forfeiture complaint filed Wednesday against the
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US Charges 3 With ‘Crypto-Jacking’ Scheme
U.S. prosecutors charged three Chinese nationals with allegedly mounting a global hacking campaign to steal sensitive corporate data from over 100 companies and installing a mass network of crypto-mining malware. According to an indictment dated May 2019 and unsealed Wednesday, Jiang Lizhi, Qian Chuan and Fu Qiang ran their multi-year front
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CFTC Alleges 4 Individuals Defrauded Customers in $1M Bitcoin Trading Scheme
The CFTC alleged four individuals stole close to $1 million from customers by promising returns from a bitcoin trading scheme. Source
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US Man Charged Over $25M Diamond Ponzi Scheme That Touted a Crypto Token
A man from Washington, D.C., has been charged with running a diamond investment scam with its own cryptocurrency, Argyle Coin. Source
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BitClub Promoter Pleads Guilty for Role in $722M Fraudulent Mining Scheme
50-year-old Joseph Abel pleaded guilty to securities and tax related offenses. Source
Read MoreA deep dive into crypto’s most notorious Ponzi scheme
The latest ruling in the class-action lawsuit against OneCoin has dismissed Konstantin Ignatov, co-founder of OneCoin, as a defendant after he agreed to testify against his sister. Ignatov is the brother of Ruja Ignatova, the infamous leader and face of OneCoin also known as “Cryptoqueen.” Ignatova disappeared in 2017 and
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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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Peter Schiff Doubles Down on Sentiment That Bitcoin Is a “Pyramid Scheme”
Despite a decade-long track record and growing adoption as a medium of exchange and store of value, Bitcoin is still seen as a pyramid scheme by some. One such individual that still sees the leading cryptocurrency in that light is Peter Schiff, the chief executive of Euro Pacific Capital and a
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