Category: scam

Investor sues AT&T for $224m over loss of cryptocurrency
August 20, 2018 BY Valentina Kirilova

Investor sues AT&T for $224m over loss of cryptocurrency

U.S. cryptocurrency investor Michael Terpin has filed a $224 million lawsuit against telecommunications company AT&T, Reuters reported earlier. Terpin is accusing the company of fraud and gross negligence in connection with the theft of digital currency tokens from his personal account. Terpin alleged that on January 7, 2018, the tokens were stolen from him through…

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ICO fraud
August 14, 2018 BY LeapRate Staff

SEC bars perpetrator of Tomahawkcoins ICO fraud

The U.S. Securities and Exchange Commission (SEC) has announced that it has obtained permanent officer-and-director and penny stock bars against the founder of a company who perpetrated a fraudulent initial coin offering (ICO) to fund oil exploration and drilling in California. According to the SEC’s order, David T. Laurance and Tomahawk Exploration LLC attempted to…

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June 17, 2018 BY Mariela Naydenova

OneCoin - one of the largest Ponzi Schemes in the "crypto" world

Probably the largest Ponzi scheme in the modern world was "designed" by Bernie Madoff who scammed corporate America with around $70 billion back in 2008. Now, as cryptocurrencies garnish share in the world's economy, it is not surprising to learn that there are also cryptocurrency Ponzi schemes. One such is called OneCoin. OneCoin is a…

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May 30, 2018 BY LeapRate Staff

SEC takes action to halt Titanium Blockchain ICO fraud

The U.S. Securities and Exchange Commission has announced that it has obtained a court order halting an ongoing fraud involving an initial coin offering (ICO) that raised as much as $21 million from investors in and outside the U.S. The court also approved an emergency asset freeze and the appointment of a receiver for Titanium Blockchain…

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bscs warning
February 19, 2018 BY Valentina Kirilova

FINRA warns investors of 'regulator' imposter scams

The Financial Industry Regulatory Authority (FINRA) has issued an Investor Alert warning investors to beware of financial scams in which con artists are posing as regulators to make fraudulent investment pitches. Recently, financial fraudsters used FINRA’s name and logo in correspondence – including a fake signature from FINRA President and Chief Executive Officer Robert W.…

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Bitcoin is on fire, as confidence swells: “The asset class is here to stay”
February 16, 2018 BY LeapRate Staff

SEC suspends trading in three crypto and blockchain companies after questionable statements

The fight against cryptocurrency and blockchain fraud continues... The U.S. Securities and Exchange Commission today announced it has suspended trading in three companies amid questions surrounding similar statements they made about the acquisition of cryptocurrency and blockchain technology-related assets. The SEC’s trading suspension orders state that recent press releases issued by Cherubim Interests Inc (OTCMKTS:CHIT), PDX PARTNERS…

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The world’s largest crypto IPO postponed
January 31, 2018 BY Valentina Kirilova

SEC halts alleged Initial Coin Offering scam

The Securities and Exchange Commission (SEC) informed that it has obtained a court order halting an allegedly fraudulent initial coin offering (ICO) that targeted retail investors to fund what it claimed to be the world’s first “decentralized bank.” According to the SEC’s complaint, filed in federal district court in Dallas on Jan. 25 and unsealed…

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