Ponzi Financial News

30.05 / 17:29

Crypto Theft Ponzi 85 Year Old Former Attorney On Hospice Care Pleads Guilty To $9.5 Million Crypto Fraud

David Kagel, a now disbarred 85-year-old Beverly Hills attorney on hospice care, pleaded guilty to an elaborate, years-long crypto ponzi scheme on Wednesday.

18.03 / 22:13

UPS Southern community crypto mining Trade Ponzi IcomTech Ponzi Scheme Promoters Convicted in New York, Facing Two Decades in Prison

David Brend and Gustavo Rogriguez, promoters of the fraudulent crypto mining and trading facility IcomTech, were found guilty of conspiracy to commit wire fraud by a New York jury on Friday, according to a press release from the United States Attorney’s Office for the Southern District of New York.

04.10 / 06:21

crypto regulation Ponzi Promoters and Attorney of $100 Million Crypto Mining Ponzi Scheme Sentenced to Prison

Three individuals involved in a global fraud and money laundering operation linked to the cryptocurrency scheme, AirBit Club, have received prison sentence, Department of Justice revealed in a press release.

28.02 / 08:55

Reserve Bank of India IMF Finance Ministry Treasury Ponzi Support India's push to regulate crypto gains IMF, U.S. support at G20

India has said it wants a collective global effort to deal with problems posed by cryptocurrencies such as bitcoin, and the finance ministry said it had held a seminar for G20 member states to discuss how to come up with a common framework. Speaking to Reuters on the sidelines of the G20 meeting in Bengaluru, U.S. Treasury Secretary Janet Yellen said it was «critical» to put in place a strong regulatory framework but added that the United States had not suggested any outright bans. «We haven't suggested outright banning of crypto activities, but it is critical to put in place a strong regulatory framework,» Yellen said. «We're working with other governments.»

05.12 / 13:37

regulation Ponzi Crypto Companies $15 Billion Palantir Firm Co-Founder Says ‘Most’ Crypto Companies Will Crash – Here’s Why

Palantir co-founder Joe Lonsdale has warned that the crypto meltdown could worsen in the future, saying that "most" crypto companies will go to zero.

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