ponzi scheme
- Policies & Regulations
SEC Sues PGI Global CEO in $198M Crypto Ponzi Scheme Featuring Fake AI Trading
On Tuesday, the U.S. Securities and Exchange Commission (SEC) charged Ramil Palafox, CEO of PGI Global, in connection with an…
Read More » - Government
Less Than 24 Hours In, SEC Chair Paul Atkins Targets $198M Crypto Ponzi Scheme
Just a day after swearing in its new chair, Paul Atkins, the U.S. Securities and Exchange Commission (SEC) has filed…
Read More » - Reports
Surge in Crypto Scams Marks 2024 as High-Risk Year, 43% of YTD Scams Target New Wallets
Cryptocurrency scams have surged in 2024, with billions of dollars in inflows, making them one of the most significant areas…
Read More » - Policies & Regulations
OmegaPro Co-Founder Arrested in Turkey Over $4 Billion Crypto Scam
Andreas Szakacs, a co-founder of the cryptocurrency platform OmegaPro, was arrested in Turkey last month, accused of participating in a…
Read More » - Government
SEC Targets $300 Million Ponzi Scheme Aimed at Latino Investors
The Securities and Exchange Commission (SEC) has filed charges against 17 individuals associated with CryptoFX LLC, a Texas-based company, for…
Read More » - Global News
SEC Charges Terraform Labs Founder and Company with Multibillion Dollar Fraud Scheme
In a recent court filing in the Southern District of New York, the U.S. Securities and Exchange Commission accused Do…
Read More » - MENA News
UAE Appeals Court Invalidates Crypto Settlement and Defines Ponzi Scheme
In a rare judgment, the Appeals Court of Ras Al-Khaimah (UAE) applies the elements of contract formation of the Federal…
Read More » - Global News
SEC Charges Eleven Individuals in $300 Million Crypto Pyramid Scheme
The Securities and Exchange Commission has charged 11 individuals for their roles in creating and promoting Forsage, a fraudulent crypto…
Read More » - Global News
Chinese Court seizes 4 billion USD worth of bitcoin from Ponzi scheme
According to an article published in the BLOCK, crypto assets worth more than $4.2 billion were seized by chinese police…
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