NY Jury Convicts IcomTech Promoters in Crypto Ponzi Scheme

NY Jury Convicts IcomTech Promoters in Crypto Ponzi Scheme

Following a two-week trial, a New York jury has found David Brend and Gustavo Rodriguez guilty of wire fraud conspiracy related to their involvement with IcomTech, a purported crypto mining and trading... Read more »
California School Officials Guilty of $1.8M Embezzlement and Crypto Mining Scheme

California School Officials Guilty of $1.8M Embezzlement and Crypto Mining Scheme

In an audacious breach of trust, two officials from a California school district have confessed to their roles in an elaborate scheme that defrauded the district of approximately $1.8 million. This criminal... Read more »
DOJ Charges Founder and Top Promoters of Alleged $1,890,000,000 Crypto Ponzi Scheme That Promised High Returns

DOJ Charges Founder and Top Promoters of Alleged $1,890,000,000 Crypto Ponzi Scheme That Promised High Returns

The U.S. Department of Justice (DOJ) has slapped three individuals with criminal charges related to their alleged involvement in a crypto pyramid scheme that looted $1.89 billion from victims. Australian native Sam... Read more »
US DOJ Indicts Three Individuals Involved in $1.89 Billion Crypto Fraud Scheme

US DOJ Indicts Three Individuals Involved in $1.89 Billion Crypto Fraud Scheme

The US Department of Justice (DOJ) has brought charges against three people for defrauding investors of nearly $2 billion. According to the DOJ, the individuals promoted a fraudulent cryptocurrency investment program that... Read more »
HyperFund Founders Charged with $1.89B Crypto Scam and Ponzi Scheme

HyperFund Founders Charged with $1.89B Crypto Scam and Ponzi Scheme

The Department of Justice has announced criminal charges against two founders of the HyperFund crypto investment scheme, alleging the massive operation defrauded investors out of $1.89 billion. In parallel civil charges, the... Read more »
Australian Sam Lee charged with conspiracy to commit fraud in US for role in $1.89bn ‘Ponzi scheme’ | HyperVerse

Australian Sam Lee charged with conspiracy to commit fraud in US for role in $1.89bn ‘Ponzi scheme’ | HyperVerse

The Australian blockchain entrepreneur Sam Lee has been charged with conspiracy to commit fraud in the US for his alleged role in operating the HyperVerse crypto investment schemes, described in court documents... Read more »
Ponzi Scheme linked to BTC, Here’s what Ripple CTO have to say

Ponzi Scheme linked to BTC, Here’s what Ripple CTO have to say

Recently, comedian and conspiracy theorist Owen Benjamin sparked a heated discussion by labeling Bitcoin (BTC) as a “decentralized Ponzi scheme.” This assertion has prompted responses from various figures in the crypto space,... Read more »
Three arrested in $10M bank fraud, crypto laundering scheme

Three arrested in $10M bank fraud, crypto laundering scheme

The U.S. Attorney’s Office for the Southern District of New York and the FBI announced three arrests related to a $10 million scheme involving cryptocurrency on Nov. 16. The authorities said that... Read more »
Promoters and Attorney of $100 Million Crypto Mining Ponzi Scheme Sentenced to Prison

Promoters and Attorney of $100 Million Crypto Mining Ponzi Scheme Sentenced to Prison

Source: Pexels Three individuals involved in a global fraud and money laundering operation linked to the cryptocurrency scheme, AirBit Club, have received prison sentence, Department of Justice revealed in a press release. ... Read more »
Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme

Former CEO of sham crypto miner IcomTech pleads guilty of wire fraud for Ponzi scheme

Marco Ruiz Ochoa pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District Court of New York on Sept. 27 in relation to Ponzi scheme perpetrated by... Read more »