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Founders of Multimillion-Dollar Global Crypto Ponzi Scheme ‘Airbit Club’ Plead Guilty – Regulation Bitcoin News

bossMarch 10, 2023 Bitcoin News, News

The founders and promoters of multimillion-dollar cryptocurrency Ponzi scheme Airbit Club have pleaded guilty to various criminal charges. Airbit Club victims were promised “guaranteed daily returns on any membership purchased,” the U.S. Department of Justice (DOJ) detailed. Airbit Club’s Operators and Promoters Plead Guilty The U.S. Department of Justice (DOJ) announced Wednesday

Airbit Club Founders, Lawyer Plead Guilty to $100M Fraud Scheme

bossMarch 8, 2023 ICO

Airbit Club was a global scam in which promoters hosted “lavish expos” and community presentations throughout the U.S., Asia, Latin America and Eastern Europe, and convinced victims to invest in “memberships” that purported to yield returns generated through bitcoin mining and trading. Victims could view their “balances” on an online

Club Founders Fraud Guilty Lawyer Plead Scheme Read More

SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme – Regulation Bitcoin News

bossMarch 7, 2023 Exchanges, News

The U.S. Securities and Exchange Commission (SEC) has filed an emergency action against Miami-based investment adviser Bkcoin and one of its principals, Kevin Kang. “The defendants disregarded the structure of the funds, commingled investor assets, and used more than $3.6 million to make Ponzi-like payments to fund investors,” the SEC

Bitcoin BKCoin Crypto cryptoexchange emergency Exchanges Files Fraud Million News Regulation Scheme SEC Read More

SEC accuses Utah firm of ‘fraudulent’ $18M crypto mining scheme

bossMarch 7, 2023 Exchanges, News

Software and crypto mining equipment offered by the Utah-based Green United LLC was part of an $18 million "fraudulent scheme" that never mined the crypto it said it would, according to allegations by the United States Securities and Exchange Commission (SEC).The regulator filed a complaint in a Utah District Court

Bitcoin Crypto cryptoexchange Exchanges Firm Fraudulent Mining Scheme SEC Utah Read More

SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme

bossMarch 6, 2023 Bitcoin News, News

The SEC has accused Kang of misappropriating at least $371,000 in customer funds for his personal use, including paying for vacations, tickets to sporting events and rent on his New York apartment. According to the SEC, Kang tried to cover his tracks by giving investors falsified documents with “inflated bank

BKCoin emergency Files PonziLike Running Scheme SEC Read More

US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme – Bitcoin News

bossMarch 6, 2023 Bitcoin News, News

A U.S. district judge has sentenced a man to three years in prison in a fraudulent cryptocurrency mining scheme. The defendant “misappropriated his victims’ money and failed to provide them with the miners and miner-hosting services they had purchased from him,” according to the U.S. Department of Justice (DOJ). Man Sentenced

Bitcoin Crypto Defrauding Investors Man Mining News Prison Scheme Sentences Years Read More

ICO approves fourth UK GDPR certification scheme following sequence of success

bossMarch 3, 2023 ICO

The Information Commissioner’s Office has approved the fourth set of UK GDPR certification scheme criteria. The scheme is aimed at training and qualification service providers and will enable their candidates to make informed choices when applying for training programmes,

Approves Certification Fourth GDPR ICO Scheme sequence Success Read More

Korea’s Lotte Group Partners Multi-Chain Network Polygon on NFT Global Drive Scheme

bossFebruary 27, 2023 Analysis

Lotte plans to push its NFT endeavors with the help of the scalable Ethereum-compatible network provided by Polygon. South Korean multinational conglomerate Lotte Group partnered with Polygon to expand its non-fungible token (NFT) business. According to reports, Lotto plans to use the popular blockchain to usher its NFT affairs onto the global

Drive Global Group Koreas Lotte MultiChain Network NFT Partners Polygon Scheme Read More

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme – Bitcoin News

bossFebruary 23, 2023 Exchanges, News

Four Russians have been charged in the U.S. with operating a crypto pyramid and Ponzi scheme that defrauded investors of millions of dollars. If convicted, they would face a maximum penalty of 20 years in prison for their roles in the purportedly decentralized finance (defi) platform Forsage. Forsage Founders Charged With

Bitcoin Crypto cryptoexchange DeFi Exchanges Forsage Founders Indicted Million News Platform Ponzi Russian Scheme Read More

Forsage founders indicted over $340M DeFi ‘Ponzi scheme’

bossFebruary 23, 2023 Exchanges, News

The founders behind the alleged $340 million “global Ponzi” scheme Forsage have been indicted by a federal grand jury in the District of Oregon.The four Russian founders — Vladimir Okhotnikov, Olena Oblamska, Mikhail Sergeev, and Sergey Maslakov — have been formally accused of having key roles in the scheme which raised

Bitcoin cryptoexchange DeFi Exchanges Forsage Founders Indicted Ponzi Scheme Read More

Scheme

Founders of Multimillion-Dollar Global Crypto Ponzi Scheme ‘Airbit Club’ Plead Guilty – Regulation Bitcoin News

Airbit Club Founders, Lawyer Plead Guilty to $100M Fraud Scheme

SEC Files Emergency Action Against Bkcoin in $100 Million Crypto Fraud Scheme – Regulation Bitcoin News

SEC accuses Utah firm of ‘fraudulent’ $18M crypto mining scheme

SEC Files Emergency Action Against BKCoin for Running $100M ‘Ponzi-Like’ Scheme

US Sentences Man to 3 Years in Prison for Defrauding Investors in Crypto Mining Scheme – Bitcoin News

Russian Founders of Defi Platform Forsage Indicted in $340 Million Crypto Ponzi Scheme – Bitcoin News

Forsage founders indicted over $340M DeFi ‘Ponzi scheme’

Cryptox News

Cardano Could Rally 25%, Here’s Why

Experts predict massive gains for Avalanche, Sui, and Lunex Network this cycle

Cardano To Hit $6 By Q3 2025? Analyst Forecast 2,000% Rally

Prosecutors Ease Off: Crypto Crimes Lose Spotlight in Manhattan