Ponzi Schemes

Ponzi Schemes

OneCoin Claims It’s Not a Ponzi or Pyramid Scheme

The OneCoin project has responded to the suggestion it is a Ponzi or pyramid scheme, arguing it does not fit a narrow definition of either.

Markets  ·  17 May 2019
Crime

Korean Crypto Scam Fleeced Investors for Over $18.5 Million

Police have reportedly used AI to spot a cryptocurrency Ponzi scheme in South Korea that cheated investors out of $18.5 million.

Policy & regulation  ·  8 April 2019
Ethereum

Ponzi Games Are Breaking Out on the Ethereum Blockchain

Two dapps on ethereum that bear all the hallmarks of Ponzi schemes are the most popular games on the site now.

Tech  ·  24 July 2018
Regulation

Indian Finance Ministry: Cryptocurrencies Are ‘Like Ponzi Schemes’

The India government doubled down its skepticism over cryptocurrencies, calling them like "Ponzi Schemes."

Policy & regulation  ·  29 December 2017
Ethereum Mining

Prosecutors File Charges in Alleged $250 Million Crypto Mining Fraud

Authorities in South Korea have reportedly filed suit against a U.S. cryptocurrency mining firm, alleging a multi-million dollar fraud.

Policy & regulation  ·  21 December 2017
Bitcoin

Here Come the Bogus Bitcoin Scare Tactics

Fear, uncertainty and doubt are dominating the media, but Overstock's Steve Hopkins suggests talking points to counter the scaremongering.

Markets  ·  13 December 2017
Crime

Bitcoin Ponzi Scheme Operator Pleads Guilty to Securities Fraud

Bitcoin ponzi scheme perpetrator Trendon Shavers has plead guilty to securities fraud and is now awaiting sentencing.

Policy & regulation  ·  21 September 2015