Why DavorCoin May Become the Next BitConnect
Scams and Ponzis are easy to come by in the world of cryptocurrency. It is, unfortunately, the price we pay for a popular industry in the financial sector. DavorCoin …
Tag: Ponzi scheme
The Story of the Four BitConnect Lawsuits
Things have certainly gone from bad to worse for the BitConnect Ponzi scheme. After defrauding hundreds of investors, the company decided to pull the plug on its operation and …
Onecoin’s Bulgarian Offices Raided by Law Enforcement, No Arrests Made
It has been a while since we last heard any major Onecoin-related news, though this notorious Ponzi scheme has been in the crosshairs of law enforcement agencies for quite …
CFTC Slaps Fraud Charges on Three Cryptocurrency Entrepreneurs and Companies
It is never good to see the U.S. Commodity Futures Trading Commission go after virtual currency operators. This is especially true when the charges revolve around defrauding customers. Even though …
Texas Securities Commissioner Cracks Down on BitConnect
Most cryptocurrency enthusiasts are well aware that BitConnect is a very problematic venture. Some people even call it an outright scam, although others still seem to be making money off …
What Is EtherRacing?
It seems there will be a major influx of new Ethereum-based investment opportunities/semi-Ponzi schemes very soon. Following CryptoKitties and EtherTanks, we now have a new browser-based game called EtherRacing. All three …
Ukrainian Police Arrest Individuals Involved in SwisCoin Ponzi Scheme
Ever since the SwisCoin program was announced, cryptocurrency experts have noticed something was off about the venture. It had all the telltale signs of a cryptocurrency-related pyramid scheme. Although there …
Finnish Police Prepare to Take OneCoin to Court
OneCoin is slowly catching the attention of more law enforcement agencies worldwide. After initial investigations in India, Italy, and the United Kingdom, it now appears the notorious Ponzi scheme is …
OneCoin Fined 2.5 Million Euros by Italy Competition Authority
It has been some time since we last heard from OneCoin. The notorious Ponzi scheme is under investigation in several countries including Italy and the United Kingdom. The One Life Network, …