The CFTC further alleges that Bryant made numerous false statements to potential and current pool participants about his trading experience,…
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Australian consumers lose $400,000 to smartphone app Ponzi scheme
An ACCC spokesperson stated: The ‘Hope Business’ app is a scam. Victims were encouraged to transfer funds in a Ponzi…
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SEC charges Harbor City Capital and its CEO with operating a Ponzi scheme
SEC’s complaint further reveals that Maroney misused investor money by making payments to other entities unrelated to the supposed purpose…
Read MoreDavid Saffron and Circle Society to pay $32 million penalty for operating a Ponzi scheme
The CFTC found that since December 2017, Saffron has fraudulently solicited around $15,815,967 worth of Bitcoin and U.S. dollars from…
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SEC obtains emergency asset freeze on a $690 million Ponzi Scheme
Horwitz and 1inMM allegedly promised investors more than 35% in returns and for years paid presumed returns on earlier investments…
Read MoreCFTC files charges New York man in a multi-million dollar Bitcoin and Ether Ponzi Scheme
He allegedly engaged in various efforts to conceal his misconduct – he misrepresenting his trading profitability and the amount of…
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Founder of $147 million GemCoin crypto Ponzi scheme sent to prison for 10 years
He claimed that USFIA extracted amber and other gemstones from non-existent mines it “owned” in the United States, the Dominican…
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The CFTC orders Venture Capital Investments to pay $900K in a digital asset and Forex Ponzi Scheme
The order stems from a complaint against VCI filed on 14 February 2020. The court established that the defendants fraudulently…
Read MoreCFTC charges ten people in a $4.75 million forex Ponzi scheme
According to the US watchdog, from February 2013 to present, the defendants accepted $4.75 million from more than 150 victims….
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US regulators charge three companies and their principals in a $28 million Ponzi scheme
The complaints allege that between 2017 and 2020, approximately 1,200 contributed around $28 million the 1st Million Pool. The defendants…
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