Man in his 60s runs massive Ponzi scam while on probation for past fraud
Key Takeaways A South Korean man ran a $60 million Ponzi scheme targeting over 2,200 investors under the guise of…
Tag: Ponzi
Chinese industry group warns Web3 and DeFi high-return deals hide classic Ponzi engines
The Beijing Internet Finance Industry Association (BIFA) issued a notice on July 9 urging retail investors to reject pitchbooks that…
Barcelona and Real Madrid Legends Accused of Endorsing a €3 Billion Crypto Ponzi (Report)
The cryptocurrency sector comprises various legitimate projects and innovations but is also rife with fraudulent schemes. One such scam reportedly…
SEC Files $60 Million Crypto Ponzi Scheme Lawsuit Against Georgia Brothers
The U.S. Securities and Exchange Commission (SEC) has brought charges against two brothers for running a $60 million Ponzi scheme.…