Tag: Crypto Ponzi Scheme

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Crypto News

Chinese National Liang Ai-Bing Arrested In Luxury Bangkok Home Over Alleged $31M ‘FINTOCH’ Crypto Ponzi Scheme

Thai authorities have recently arrested a Chinese man, Liang Ai-Bing, who is suspected of running a $31 million cryptocurrency Ponzi scheme, in a very...
Crypto News

Chinese Investors May Face Years Of Legal Battle To Get Their Funds Back As The $6B Bitcoin Ponzi Case Of Qian Zhimin Heats Up

Thousands of Chinese investors are facing critical uncertainty over getting their funds back from a bitcoin Ponzi scheme that happened years ago. As crypto...
Crypto News

Bitcoin Mining Firm’s Ex-CEO Pleads Guilty After $62.7M Loss In Ponzi That Hit 90,000 Investors, Faces 40 Year Prison Term

Ramil Ventura Palafox, 60, pleaded guilty yesterday to wire fraud and money laundering for running a global Ponzi scheme that took money from more...
Crypto Scams

Hashflare Co-Founders Sentenced for $577M Crypto Ponzi Scheme

Potapenko and Turõgin, co-founders of the now-defunct cryptocurrency mining platform HashFlare, were sentenced in connection with a $577 million Ponzi scheme, but will not...
Crypto News

U.S. Man Sentenced to 97 Months in Prison for Defrauding Investors in $40M Crypto Ponzi Scheme

A U.S. federal court has sentenced Dwayne Golden to 97 months in prison for orchestrating a crypto Ponzi scheme that defrauded investors of more...