Ramil Ventura Palafox falsely promised investors 0.5% to 3% daily returns when the company was not able to produce such amounts, per the DOJ.
The CFTC has accused a pastor of promoting a crypto scheme to churchgoers, which it alleged promised guaranteed returns of nearly 35%.
Ruja Ignatova disappeared seven years ago after a warrant from US authorities was issued to arrest her. The self-proclaimed “Crypto Queen” was responsible for OneCoin’s Ponzi scheme that took $4.5 billion from investors. Now, a BBC investigation suspects that the missing crypto scammer could have been murdered by a Bulgarian drug lord years ago. Related […]
On Thursday, Turkey’s Minister of Interior revealed authorities conducted a major operation against a crypto scamming platform in Ankara. The alleged Ponzi scheme has stolen over $1 billion in the last few years. Related Reading: Swipe Right For Scams? Canadian Authorities Warn Of Rising Crypto Frauds On Dating Apps Crypto Ponzi Scheme Busted Ali Yerlikaya, […]
Lilian Nurieva, former Head of Networks at Russian crypto Investment fund Finiko, has been sentenced to three years for defrauding private investors and participating in an organized criminal group. The $55 million pyramidal scheme is considered the second-largest financial scam in Russia’s post-Soviet history by the Federal Foundation for the Protection of Investors and Shareholders […]