Search Results for “crypto ponzi scheme”

Head Trader of $100M Global Crypto Ponzi Scheme Pleads Guilty in US

September 13, 2022 admin Crypto Fraud, Crypto Ponzi, crypto ponzi scheme, DOJ, Empiresx, Empiresx crypto, Empiresx cryptocurrency, Empiresx Doj, fraudulent trading bot, head trader, Ponzi Scheme, Regulation, trading bot

The head trader of a $100 million global cryptocurrency Ponzi scheme has pleaded guilty and is facing up to five

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Former US Regulator Likens FTX and Sam Bankman-Fried to Bernie Madoff and His Ponzi Scheme

November 20, 2022 admin 2008 Financial Crisis, Bernie Madoff, ftx, Ponzi Scheme, Regulation, Sam Bankman-Fried

Former Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair likens the fall of crypto exchange FTX and its former CEO

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Co-Founder of Russia’s Largest Crypto Pyramid Finiko Arrested in UAE

November 18, 2022 admin Arrest, Arrested, co-founder, Crypto, crypto pyramid, Cryptocurrencies, Cryptocurrency, detained, detention, Executive, extradition, extradition request, Finiko, founder, INTERPOL, Member, News, Ponzi, Ponzi Scheme, Pyramid, Pyramid Scheme, Russia, russian, tatarstan, UAE, Zygmunt Zygmuntovich, Zygmuntovich

One of the founders of Russia’s most notorious Ponzi scheme in recent times, Finiko, is in detention in the United

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Robert Kiyosaki Says Bitcoin Isn’t the Problem — Calls Former FTX CEO the ‘Bernie Madoff of Crypto’

November 17, 2022 admin Featured, Rich Dad Poor Dad, Rich Dad Poor Dad Bitcoin, Rich Dad Poor Dad crypto, robert kiyosaki, Robert Kiyosaki Bernie Madoff, robert kiyosaki bitcoin, Robert Kiyosaki FTX, Robert Kiyosaki Jim Cramer, Robert Kiyosaki Kevin O’Leary, Robert Kiyosaki Ponzi, Robert Kiyosaki Sam Bankman-Fried, Robert Kiyosaki SBF

The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says bitcoin is not the problem following

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Crypto Firm Freeway Updates Community, Says Trading Strategy ‘Failed’ and ‘Caused a Substantial Loss’

October 27, 2022 admin 40% APY, Crypto, Cryptocurrency, Fatman, Fatman Terra, Freeway, freeway (FWT), Freeway.io, Freeway’s Twitter thread, FWT, FWT crypto, News, Ponzi Scheme, substantial loss, Supercharger accounts, trading, trading strategies, trading strategy failure

Four days ago, the crypto rewards platform Freeway.io, formally called Aubit, halted withdrawals on October 23 after citing it was

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JPMorgan: Demand for Crypto as Payment Method Has Drastically Declined

September 25, 2022 admin Featured, Jamie Dimon, jpmorgan, JPMorgan crypto payments, JPMorgan cryptocurrency payments

Global investment bank JPMorgan is seeing little demand for crypto as a payment method. However, the bank noted that cryptocurrencies

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China Blockchain Alliance Executives: Virtual Currency the ‘Largest Ponzi Scheme in Human History’

June 29, 2022 admin bill gates, Blockchain Service Network (BSN) Development Alliance, dogecoin, Elon Musk, He Yifan, News, Ponzi Scheme, Shan Zhiguang, Virtual Currency

The chairman of China’s Blockchain Service Network (BSN) Development Alliance Shan Zhiguang, and his colleague, insisted in a recently published

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Masterminds Behind South African Bitcoin Ponzi Scheme Told to Pay Back Over $291 Million

May 12, 2022 admin Companies Act, Johann Steyberg, Johann Steynberg, law enforcemrent, Mirror Trading International (MTI), Regulation

Masterminds of one of South Africa’s biggest bitcoin Ponzi schemes, Mirror Trading International (MTI), have been asked by the scheme’s

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Another 6 Members of Finiko Crypto Pyramid Arrested in Russia

April 23, 2022 admin arrests, Case, Crypto, crypto pyramid, Cryptocurrencies, Cryptocurrency, detention, Executives, financial pyramid, Finiko, Fraud, fraudsters, Investigation, investment scheme, members, News, Ponzi Scheme, Pyramid, russian, Suspects, tatarstan

Russian law enforcement authorities have detained six more members and executives of the notorious crypto Ponzi scheme Finiko. Police in

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Crypto Pyramid Busted in Russia, Losses Exceed $10 Million

March 24, 2022 admin arrests, Crypto, crypto pyramid, Cryptocurrencies, Cryptocurrency, Dagestan, detainees, financial pyramid, Finiko, Fraud, News, organizers, Ponzi Scheme, Pyramid, Russia, russian, tatarstan, Yusra Global

Russian law enforcement agencies have gone after the organizers of a large crypto pyramid which has been promising extraordinarily high

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Balaji Srinivasan Says Hyperinflation Happening Now — Makes Million-Dollar Bets on Bitcoin Price Exceeding $1M in 90 Days
Venture capitalist and angel investor Balaji Srinivasan says hyperinflation is happening now. Expecting the price of bitcoin to soon hit $1 million, he is making million-dollar bets that it will happen in 90 days. Srinivasan also advised investors to buy bitcoin, which he believes to be “a hedge against hyperinflation, monetary debasement, bank freezes, and
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion, including customer claims and various other liabilities. FTX’s $6.8
LIVE: Watch stocks trade in real time as First Republic’s slide rattles Wall Street — 3/17/2023
The Dow Jones Industrial Average fell Friday as investors remained skittish on First Republic and other banks amid the industry’s crisis. First Republic slid 20% despite gaining nearly 10% in the previous session. The stock got a boost Thursday when a group of banks said it would aid First Republic with $30 billion in deposits
Russian Crypto Industry Queries Government About Proposed Criminal Liability for Miners
The organization representing Russia’s crypto sector has asked the government in Moscow to clarify a proposal to introduce criminal liability for “gray” miners. The draft legislation seeks to punish those who fail to report their income to the state and share information about their digital assets. Crypto Companies in Russia Want to Take Part in
We’re in the middle of the banking crisis, says Odeon’s Dick Bove
Dick Bove of Odeon Capital, Herb Greenberg of Empire Financial Research and Liz Hoffman, Semafor business and finance editor, join CNBC's Brian Sullivan and 'Last Call' to discuss the recent banking crisis and how it could impact the Fed's rate decision next week.