Home » Ponzi Scheme

Ponzi Scheme

news - BitClub Schemers Look for Early Release Due to COVID-19

BitClub Schemers Look for Early Release Due to COVID-19

The alleged BitClub network scammers are looking to be released from the county jail over fears of the COVID-19 pandemic.

news - $147 million Gemcoin Scheme Founder Admits to Wire Fraud

$147 million Gemcoin Scheme Founder Admits to Wire Fraud

Steve Chen, founder of $147 million Gemcoin cryptocurrency scheme, has accepted plea deal and admitted to wire fraud and tax evasion. Chen, also known as “Boss,” agreed that he promoted Ge...

news - Ugandan Police Arrest Director of $2.7M Ponzi Scheme

Ugandan Police Arrest Director of $2.7M Ponzi Scheme

Ugandan police have arrested one of the four directors of crypto pyramid scheme Dunamiscoins Resources Limited. Samson Lwanga was seized by the Kampala Metropolitan police on December 9.

news - OneCoin Scam’s Victim Faces Violent Threats from Scheme Supporters

OneCoin Scam’s Victim Faces Violent Threats from Scheme Supporters

Glasgow resident Jen McAdams, a  victim of OneCoin Ponzi scheme has received sexual and violent threats from OneCoin supporters for speaking out against the project.

news - Crypto Scam Kingpin Tortured to Death by Accomplices

Crypto Scam Kingpin Tortured to Death by Accomplices

The kingpin of a bitcoin scam worth Rs 485 crore ($67 million) has been tortured to death by five of his associates in Dehradun, India, a senior police official said on Saturday.

news - OneCoin Founders Arrested as Ponzi Scheme Fraudsters

OneCoin Founders Arrested as Ponzi Scheme Fraudsters

A United States District Attorney has charged the founders of OneCoin cryptocurrency pyramid scheme. The cryptocurrency founders Konstantin Ignatov and his sister Ruja Ignatova were arrested in Los An...

news - Fake Crypto Millionaire Airdrops $12M in Hong Kong’s Poor Neighborhood

Fake Crypto Millionaire Airdrops $12M in Hong Kong’s Poor Neighborhood

On Sunday, December 16th, mainstream media reported, that a 24-year-old bitcoin millionaire Wong Ching Kit airdropped more than $12 million worth of cash in one of Hong Kong’s poorer neighborhoo...

the-greatest-scams - Ant Farm Scam

Ant Farm Scam

Quite an unusual pyramid scheme was built by a Chinese businessman Wang Fenguou. In 1999, he opened ‘Yilishen Tianxi Group of China’, to make health products whose main ingredients were an...

the-greatest-scams - Russian House ‘Selenga’

Russian House ‘Selenga’

Financial Company JSC Russian house “Selenga” (RHS), one of the earliest Ponzi schemes in Russia, started functioning in 1992. People easily believed in the promise of golden tre...

Lost Password

Please enter your username or email address. You will receive a link to create a new password via email.

Sign Up

ajax-loader