Tag Archives: Scheme

Scammers orchestrate impersonation scheme on Square’s Cash App to steal money

A way to collect cash donations via Square’s Cash App to feed families during the economic fallout turned into a nightmare for one Detroit group. Financial, Economic and Money News – USATODAY.com

Read More »

Amish and Mennonites targeted by $60 million Ponzi scheme, feds say

Philip Elvin Riehl, himself a Mennonite, allegedly targeted Mennonite and Amish community members who wanted a safe and secure investment. Financial, Economic and Money News – USATODAY.com

Read More »

US Department of Justice Accuses Crypto Exec of $7 Million Fraud Scheme

n The U.S. Department of Justice has accused a man of pocketing clients money through a crypto transaction fraud schemen CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

Read More »

TRON’s CEO Debunks Association with Billion Dollar Ponzi Scheme Scam

While responding to an allegation that Tronfoundation and BitTorrent are involved in a billion-dollar Ponzi-scheme scam that defrauded thousands of investors in China, Justin Sun, TRON’s CEO, says both companies are “fine.” According to the CEO, preparations were being made to launch BitTorrentSpeed on July 8, so people should stop publicizing fake news and pictures. .@Tronfoundation and @BitTorrent is fine. ...

Read More »

Indian Authorities Arrest 4 Individuals Accused of Crypto Ponzi Scheme

n Indian authorities have arrested four people associated with KBC, a crypto allegedly at the center of a scam investment schemen CryptScout #BitFeed RSS – Bitcoin and Cryptocurrency News 24/7

Read More »

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) Cointelegraph.com News

Read More »

Dutch Man Arrested for $111 Million Fake Mining Scheme

n nn nn On March 21, 2019, Dutch news outlet NL Times reported that Berry van M., a 33-year-old Dutch businessman and the operator of now-defunct trading platform Koinz Trading, has been arrested on charges of deceiving investors with a bogus bitcoin mining scheme.The report claims that van M. was the director of companies that sold computers for mining Bitcoin ...

Read More »

SEC Shuts Down Ponzi Scheme Which Duped 300 Into ‘Diamond-Backed’ Cryptocurrency

The U.S. SEC has brought legal action to operators of several scam companies targeting crypto investors Cointelegraph.com News

Read More »