Ponzi Scheme

SEC Secures Judgments Against 3 in Bitconnect Scam

One individual must pay more than $3 million and hand over a wallet containing 190 bitcoins.

News  ·  20 August 2021

Spanish Police Arrest Head of Billion-Dollar Crypto Arbitrage Platform on Fraud Allegations

Arbistar 2.0 operator Santiago Fuentes was arrested Wednesday and faces criminal fraud and money laundering charges in Spain.

News  ·  22 October 2020
Europe

OneCoin Founder’s Brother Faces 90-Year Jail Term After Plea Deal

The brother of OneCoin's infamous "Cryptoqueen," Konstantin Ignatov has reached a plea deal with U.S. authorities.

Markets  ·  14 November 2019
Crime

CFTC Takes Action Against Crypto Options ‘Ponzi Scheme’

Purported crypto and forex investment firm Circle Society is accused by the CFTC of operating like a Ponzi scheme.

Markets  ·  17 October 2019