Ramil Ventura Palafox gets 20 years sentence over $200 million bitcoin Ponzi scheme
The CEO of Praetorian Group International (PGI) was sentenced to 20 years in prison in the U.S. for running a…
Tag: Ponzi
India’s ED targets decade-long crypto Ponzi in 21-location raid
India’s ED raided 21 sites tied to 4th Bloc Consultants, alleging a decade-long fake crypto-platform Ponzi that laundered funds via…
‘You need a third job or a rich husband’: I fell victim to Allen Stanford’s multibillion-dollar Ponzi scheme and survived
“If you have never found yourself in a situation where your life does a complete 180, it’s wrong to talk…
IcomTech promoter gets 71 months in prison for multi-million dollar crypto Ponzi scheme
A resident of Mexico who served as a senior promoter in the IcomTech crypto Ponzi has been sentenced to 71…
Ponzi Schemer Freed by Trump Strikes Again
US President Donald Trump commuted the sentence of convicted fraudster Eli Weinstein who went on to fleece investors in a…
Spain’s Civil Guard Arrests Leader of 260M Euro Crypto-Linked Alleged Ponzi Scheme
Spanish authorities said they arrested a man accused of leading a 260 million-euro ($300 million) alleged international investment scam that…
SEC Says ‘Here in My Garage’ YouTuber Tai Lopez Ran a Ponzi Scheme
The biggest car news and reviews, no BS Our free daily newsletter sends the stories that really matter directly to…
There Was a RadioShack Ponzi
Also Tether’s valuation, crypto treasury company buybacks, strip-club bribery securities fraud and corporate rap. www.bloomberg.com #RadioShack #Ponzi
Global Bitcoin Ponzi Scheme Leaves Investors Facing $63M in Losses
A $200 million crypto Ponzi scheme has unraveled, exposing a vast global fraud that lured 90,000 investors with fake returns…
Water ‘Ponzi’ That Burned Jefferies Had Something for Everyone, Until It Didn’t
A vending-machine venture that once touted juicy, super-safe returns is now the target of federal prosecutors and a tangle of lawsuits by angry investors…