pyramid scheme

Mob Burns Down Purported Crypto Ponzi Schemer’s House in South Africa

A mob has burned down the house of a manager at alleged Ponzi Scheme Bitcoin Wallets

Vanuatu Extradicts Six Chinese Citizens Allegedly Involved in Crypto Scheme

Six suspects in an alleged cryptocurrency scheme have been extradited to China from Vanuatu

Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme

Indian authorities have arrested four people associated with KBC, a crypto allegedly at the center of a scam investment scheme

Top 4 Reasons to Shun the “new” BitConnect 2.0 Exchange

TheMerkle Ethereum Pyramid SchemesIn the world of cryptocurrency, there is always some sort of controversy worth keeping an eye on. While no one benefits from these dubious projects and scams, they tend to spark some interesting debates. Many people still believe BitConnect will return, albeit that seems highly unlikely. However, there is a “BitConnect 2.0 exchange” making the rounds, which is something users need to be aware of at all times. Not the Original BCC Exchange Most people who know the story behind BitConnect will recall how the project had its own exchange. This was also pretty much the only place to get

The post Top 4 Reasons to Shun the “new” BitConnect 2.0 Exchange appeared first on The Merkle Hash.

Russian Police Arrest Alleged Creator of Large Crypto Pyramid Scheme From Kazakhstan

Russian police have arrested the alleged creator of a Kazakh crypto pyramid scheme who confessed to illegally crossing the Russian border on horseback

Brazil Shuts Down Cryptocurrency Pyramid Scheme That Defrauded 55,000 of $200 Million

Brazillian police have arrested ten people suspected of operating a cryptocurrency pyramid scheme worth 850 million reals ($210 million)

Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’

On March 8, the Department of Justice and the U.S. Attorney’s Office Southern District of New York (SDNY) announced that officials have indicted two of the top leaders of the notorious Onecoin project. The prosecutors charged Onecoin cofounders Konstantin Ignatov and Ruja Ignatova with a slew of charges in connection with defrauding investors. Konstantin Ignatov […]

The post Onecoin Leaders Indicted in the U.S. for Operating ‘Fraudulent Pyramid Scheme’ appeared first on Bitcoin News.

Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes Surge

Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes SurgeUganda will seek to regulate crypto assets to prevent criminals from exploiting digital currencies to scam citizens. This comes as thousands of Ugandans have fallen victim to a number of Ponzi schemes, including the D9 Club, which promised to pay members in bitcoin. Minister of State for Finance (Planning) David Bahati said the government has […]

The post Uganda to Regulate Cryptocurrency as Fake Bitcoin Schemes Surge appeared first on Bitcoin News.

Japan: Tokyo Police Arrest 8 Men Allegedly Involved in $68 Million Crypto Pyramid Scheme

Police in Tokyo arrest eight suspects that were allegedly involved in a crypto pyramid scheme that lured about $68.4 million in cash and Bitcoin from 6,000 people

What Is FOMO3D?

Even though the cryptocurrency world allows for a lot of innovation, its underpinning technology is often used for the oddest ventures. In the case of FOMO3D, it is a very interesting game, although it’s also clearly a “legitimate” pyramid scheme which will cause at least one individual to lose a lot of money. The FOMO3D […]

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