The Federal Bureau of Investigation of the United States (FBI) is helping South African authorities in the investigation of the company Mirror Trading International (MTI), which could be considered the largest cryptocurrency scam of 2020.
The FBI is collaborating with the liquidators of the South…
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Browsing Tag
ponzi scheme
Authorities arrested some implicated in Ponzi PlusToken scheme in China
On September 7, Chinese authorities arrested 109 people for allegedly being involved in the PlusToken cryptocurrency Ponzi scheme, of which six were implicated in the case for "organizing and leading the criminal pyramid scheme" as…
OneCoin operator in Singapore to pay a fine of $ 72,000
A 52-year-old man in Singapore named Fok Fook Seng was convicted of operating a multi-level marketing scam linked to the OneCoin cryptocurrency Ponzi scheme.
According to information provided by the local media, Channel News Asia, Fok was…
OneCoin ponzi scam promotes events through social media
OneCoin, known as a Ponzi scheme, is promoting events through social networks. Two of them will be scheduled on 22 this month in Tokyo and another on March 7 in Mexico. An exhibition was recently held in Colombia too.
This popular alleged…
Trading with bitcoin is considered illegal in Iran
Transactions with bitcoin in Iran are illegal, according to the statements of Nasser Hakimi, vice governor of the Central Bank of the country, through an interview with a local media.
Hakimi stressed that trading with BTC is illegal in…
Indian authorities arrest 4 delinquents for ponzi scheme fraud
The alleged creators of the cryptocurrency KBC, Vijay Prajapati, Dhiraj Patel, Kamruddin Syed and Ashiq Shaikh were arrested by the Criminal Investigation Department (CID) of India.
The reason for the arrest is a supposed scam that was…
South Corea Police catches criminals using AI
The Seoul Special Judicial Police Office for Public Safety apprehended the CEOs of a website that used a bitcoin Ponzi scheme with the use of Artificial Intelligence.
This site stole at least some 56,000 people and some 18.7 million…