Ponzi Scheme

Plus Token Leadership Faces Criminal Prosecution in China

One of the ringleaders of Plus Token is now facing criminal charges in China. Plus Token is one of the largest apparent scams i...

PlusToken Scammer Implicated in China’s Second Ten-Figure Crypto Ponzi

The scam, Wotoken, took in roughly $1 billion worth of crypto at current prices from over 715,000 victims. One of the scam’s co...

COVID-19 Defense Fails Once More for Co-Founder of Alleged $9M Crypto Ponzi

One of the persons behind an alleged cryptocurrency Ponzi scheme has once again been denied bail. The accused, John Caruso, con...

Judge Rules Lawsuit Targeting Multi-Billion OneCoin Ponzi Can Proceed

Judge Valerie Caproni lifted the stay on a class-action lawsuit brought against the notorious crypto Ponzi scheme OneCoin 12 mo...

OneCoin Investors Ask Judge Not to Scrap Suit While New Indictment Is Unsealed

Legal proceedings surrounding the infamous OneCoin Ponzi scheme have seen a couple of updates, with the lead plaintiff for a $4...

Crypto Staking Wallet Offers 1.5% Daily Returns: Ponzi in Progress?

A cryptocurrency staking wallet that offers users as much as 1.5% daily returns is bearing striking resemblance to a Ponzi sche...

US Court Postpones Sentencing for OneCoin Crypto Scam Co-Founder

Sentencing for the co-founder of the major crypto scam OneCoin has been postponed for a further three months at the request of ...

CFTC Requests Default After Failing to Find $147M Bitcoin Ponzi Operator

The United States Commodity Futures Trading Commission (CFTC) has requested that the alleged founder of the crypto $147 million...
April 4, 2020
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Prosecutor Says Crypto Scammers Should Stay in Jail Despite COVID-19 Concerns

New Jersey federal prosecutor Craig Carpenito is fighting the request of two alleged crypto scammers to be released from a coun...

Bitcoin’s Plunge Due to Traditional Markets Falling or PlusToken Dumping?

Some authorities think current traditional market instability lies behind Bitcoin’s (BTC) recent plunge, while others feel the ...