Browsing Tag
pyramid scheme
5 posts
NYAG sues crypto firms NovaTechFx and AWS Mining for alleged $1b fraud
New York AG Letitia James has sued crypto firms NovaTechFx and AWS Mining for allegedly defrauding over 11,000…
Scammers eye Toncoin as Telegram-TON partnership grabs headlines
Telegram’s integration of the TON blockchain and its native Toncoin token has become a honeypot for scammers promoting…
OneCoin lawyer sentenced to 10 years in prison
Mark Scott, a lawyer for the OneCoin cryptocurrency pyramid, was found guilty of two criminal charges. Both are…
Forsage founders indicted over $340M DeFi ‘Ponzi scheme’
According to the Department of Justice, Forsage employed smart contracts that were coded in ways consistent with a…
SEC charges 11 individuals over $300M crypto ‘pyramid scheme’
SEC has filed a lawsuit in the U.S. District Court against the founders and promoters of Forsage, who…